China’s Yuan to feel the heat of a trade spat with the US – Reuters News China’s Yuan will report year-on-year losses in June 2019, according to a Reuters poll of foreign exchange strategists. The currency dropped 3.3 percent against the greenback in June, courtesy of the heightened fears of a full-blown trade war between the US and China. Strategists believe the trade tensions will likely keep the Chinese currency under pressure. At press time, USD/CNY is trading at 6.66 and is seen around the same level in a month from now. At year-end, the yuan will have strengthened to 6.57 and then go stronger to 6.50 in a year, the Reuters poll of over 60 strategists taken this week showed. 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 US: ISM nonmanufacturing index points to resilient business confidence – Nomura FX Street 3 years China's Yuan to feel the heat of a trade spat with the US - Reuters News China's Yuan will report year-on-year losses in June 2019, according to a Reuters poll of foreign exchange strategists. The currency dropped 3.3 percent against the greenback in June, courtesy of the heightened fears of a full-blown trade war between the US and China. Strategists believe the trade tensions will likely keep the Chinese currency under pressure. At press time, USD/CNY is trading at 6.66 and is seen around the same level in a month from now. At year-end, the yuan will have strengthened to… Top 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.
