Analysts at Morgan Stanley expect the Chinese Yuan to edge higher vs. the US dollar by this year-end amid an upturn in the Chinese economic recovery, as Beijing’s stimulus efforts help spur the economy. Key Quotes: “Market is underestimating the upcoming rebound in China. We expect USDCNY to reach 6.55 by year-end 2019. Due to our view that the upcoming China stimulus can be more potent than the market currently expects. Our economists are expecting January’s broad credit figure to rebound on the back of stronger corporate and front-loaded local government bond issuances.” 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 China’s CPI declined to 1.7% y/y in January, misses estimates FX Street 3 years Analysts at Morgan Stanley expect the Chinese Yuan to edge higher vs. the US dollar by this year-end amid an upturn in the Chinese economic recovery, as Beijing's stimulus efforts help spur the economy. Key Quotes: "Market is underestimating the upcoming rebound in China. We expect USDCNY to reach 6.55 by year-end 2019. Due to our view that the upcoming China stimulus can be more potent than the market currently expects. Our economists are expecting January's broad credit figure to rebound on the back of stronger corporate and front-loaded local government bond issuances." 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.
