Home USD/CNY to rise above 7.00 in three months – Goldman Sachs

USD/CNY to rise above 7.00 in three months – Goldman Sachs

Published date: 10 Jun. 2019 | 03:27

Goldman Sachs analysts see USD/CNY – the onshore Yuan exchange rate – rising above 7.00 in three months and expect the slide in the Chinese currency to at least partially offset the higher US tariffs.

Key points

USD/CNY is seen at 6.95 in six months and is expected to drop further to 6.80 by June 2020.

China’s policymakers are reluctant to allow USD/CNY to rise above 7.

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