Citi forecasts slowdown in US dollar depreciation

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Citi forecasts slowdown in US dollar depreciation

November 16, 2009

The US bank is predicting the US dollar will depreciate 8% against the Euro and 7% against the yen by September 2010. A weak dollar could be a driver for China to depeg the renminbi, writes Minggao Shen, Citi’s Greater China economist.

The peg with the dollar is by no means all negative to China’s competitors. It helped to stabilise the global foreign exchange market when almost all major currencies were depreciating against the dollar in the early period of the crisis....

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SOUTHEAST ASIA DCM

Rank

Bookrunner Parents

Deal Value $ (Proceeds) (m)

No.

%share

2012 YTD Rank

HSBC

4,160

8.3

Standard Chartered Bank

4,110

8.2

Goldman Sachs

3,666

7.3

Deutsche Bank

3,354

6.7

Citi

2,774

5.5

DBS

2,341

4.6

JPMorgan

2,288

4.5

CIMB Group

2,095

4.2

Siam Commercial Bank

1,835

3.6

RHB Capital Bhd

1,688

3.4

Subtotal

28,311

161

56.2

Total

50,423

249

100.0

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