In its latest client note, analysts at Goldman Sachs expressed their view on the Chinese currency, the CNY, with the key quotes found below.
“Locking for a move to 6.90 / 7.10 in 3 to 6 months.
Then to reverse (i.e. Yuan to strengthen) to 6.6 in 12 months.
A trade deal with the US will be agreed to.
But not before the tensions escalate further first.”
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