Chinese Yuan will breach 7 per USD within 6 months – Reuters poll

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China’s yuan will breach the major psychological level of 7 per US dollar within the next six months, according to about 60 percent of FX strategists polled by Reuters.

Key points

  • 17 of 28 analysts expect USD/CNY to rise above 7.00 within the next six months.
  • Yuan is forecasted to fall about 1 percent vs US dollar to 6.95 in a year; slightly more than 6.85 forecasted in November poll.
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