The Chinese yuan is expected to trim some of its recent losses against the greenback over the coming year on hopes that trade risks will subside and a deep sell-off in emerging markets will subside, a Reuters poll found. Key points (Source: Reuters) The CNY was expected to gain around 1.7 percent to 6.80 per dollar in a year’s time from around 6.92 currently, according to the poll of over 50 foreign exchange strategists. Sixteen strategists see the yuan weakening to 7 to the dollar or higher at some point over the 12-month period, the highest number of respondents in the Reuters poll predicting that since August 2017. Nearly half – 18 of 37 common contributors in the latest survey and a September poll – revised forecasts to a weaker yuan, citing expectations for more policy easing from China’s central bank in coming months. 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 EUR/USD peeking above 1.15 with a thin Wednesday ahead FX Street 4 years The Chinese yuan is expected to trim some of its recent losses against the greenback over the coming year on hopes that trade risks will subside and a deep sell-off in emerging markets will subside, a Reuters poll found. Key points (Source: Reuters) The CNY was expected to gain around 1.7 percent to 6.80 per dollar in a year's time from around 6.92 currently, according to the poll of over 50 foreign exchange strategists. Sixteen strategists see the yuan weakening to 7 to the dollar or higher at some point over the 12-month period, the highest number of respondents in… 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.
