In an overnight interview on Bloomberg Television, Goldman Sachs’ Zach Pandl, Co-Head of Global Foreign-Exchange and Emerging-Market Strategy in New York, expressed his thoughts on the US-China trade issue and his view on the Chinese yuan going forward. Key Quotes: Case to be long yuan is really about the prospect of a tariff rollback in the U.S. If we do get confirmation of a rollback of some of the tariffs, we think that the yuan could have a relatively sharp but short-lived period of appreciation into the first quarter. it is one of our favorite FX trades. U.S. may request more openness from China about its currency policy as part of a trade deal That’s not really what’s driving the yuan at the moment, so we don’t think it’s a major issue for the trade talks.” 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 China’s budget deficit has risen to 5% of GDP FX Street 3 years In an overnight interview on Bloomberg Television, Goldman Sachs' Zach Pandl, Co-Head of Global Foreign-Exchange and Emerging-Market Strategy in New York, expressed his thoughts on the US-China trade issue and his view on the Chinese yuan going forward. Key Quotes: Case to be long yuan is really about the prospect of a tariff rollback in the U.S. If we do get confirmation of a rollback of some of the tariffs, we think that the yuan could have a relatively sharp but short-lived period of appreciation into the first quarter. it is one of our favorite FX trades. U.S. may request… 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.
