In an interview with CNBC’s “Squawk Box Asia” on Thursday, Timothy Moe, co-head of Asia Macro Research and Chief Asia-Pacific Equity Strategist at Goldman Sachs, believe that the onshore Chinese yuan is expected to strengthen vs. the US dollar in the coming year. Key quotes “We’ve recently firmed up … in particular, our Chinese renminbi forecast from 6.7 to 6.5 on a 12-month view.” “It was one of the firm’s “strongest views” for Asian currencies.” “The dollar is in a “structural period of weakening” after being quite strong over the last few years.” “The driver behind this phenomenon was “the loss of US exceptionalism” as factors that previously propped the dollar up, such as relatively better economic growth stateside, have gone into reverse.” “Historical evidence is very, very clear that a strengthening currency is generally supportive for the equity market.” “A strong Chinese yuan would tend to “tilt” one’s investment focus more toward the domestic part of the economy where the “real kind of juicy stories.” “The (yuan) would be just an extra tailwind for those ongoing structural themes.” 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 Bank of England Preview: Eight major banks expectations FX Street 2 years In an interview with CNBC’s “Squawk Box Asia” on Thursday, Timothy Moe, co-head of Asia Macro Research and Chief Asia-Pacific Equity Strategist at Goldman Sachs, believe that the onshore Chinese yuan is expected to strengthen vs. the US dollar in the coming year. Key quotes “We’ve recently firmed up … in particular, our Chinese renminbi forecast from 6.7 to 6.5 on a 12-month view.” “It was one of the firm’s “strongest views” for Asian currencies.” “The dollar is in a “structural period of weakening” after being quite strong over the last few years.” “The driver behind this phenomenon was “the loss… 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.