Bank of America/Merrill Lynch has reportedly cut its USD/CNY forecast for the end of first quarter, because of easing US-China trade tensions and Fed rate hike pause. The investment bank forecasts USD/CNY to trade at 6.85 at the end of Q1, versus 7.05 previously. Further, it sees the pair trading at 6.9 at the end of Q2, 6.95 at the end of Q3 and 7 by the end of 2019. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Growth well supported – NAB FX Street 3 years Bank of America/Merrill Lynch has reportedly cut its USD/CNY forecast for the end of first quarter, because of easing US-China trade tensions and Fed rate hike pause. The investment bank forecasts USD/CNY to trade at 6.85 at the end of Q1, versus 7.05 previously. Further, it sees the pair trading at 6.9 at the end of Q2, 6.95 at the end of Q3 and 7 by the end of 2019. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
