The Analysts surveyed by Reuters believe that the Chinese yuan will extend the decline and renewed decade lows, as China will continue to devalue its currency amid lingering US-China trade war risks. Key Findings: “The Sept. 24-Oct. 3 poll of over 60 foreign exchange strategists showed the yuan will be about 1% weaker at a more than decade-low of 7.20 against the dollar by end-2019. The currency is forecast to hover around the same rate by March 2020 and then appreciate to 7.16 per dollar by this time next year. Over 60% of the respondents were anticipating further deterioration or a continuation of the status quo and the rest forecast an improvement. Forecasts for where the yuan will trade in a year were divided too, with 31 of 60 respondents expecting it to weaken further and 29 respondents seeing the yuan gaining from here.” 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 Bitcoin tends to grow when new Tether coins are minted – Research FX Street 3 years The Analysts surveyed by Reuters believe that the Chinese yuan will extend the decline and renewed decade lows, as China will continue to devalue its currency amid lingering US-China trade war risks. Key Findings: "The Sept. 24-Oct. 3 poll of over 60 foreign exchange strategists showed the yuan will be about 1% weaker at a more than decade-low of 7.20 against the dollar by end-2019. The currency is forecast to hover around the same rate by March 2020 and then appreciate to 7.16 per dollar by this time next year. Over 60% of the respondents were anticipating further deterioration or… 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.
