China’s Renminbi is likely to see significant gains against the US dollar, in the opinion of analysts at Westpac Institutional Bank. Key quotes “From around 7.00 at June, we expect a moderate appreciation in the Renminbi, to 6.85 end–2020 and then 6.60 end–2021.” “The justification for this view is first the strong progress China has made in removing the threat of COVID–19 from its shores and getting industry back to work. And second, as we move into 2021, their structural development story becoming more apparent, bolstering gains.” 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/GBP: The pound is vulnerable during crisis times – Rabobank FX Street 2 years China’s Renminbi is likely to see significant gains against the US dollar, in the opinion of analysts at Westpac Institutional Bank. Key quotes “From around 7.00 at June, we expect a moderate appreciation in the Renminbi, to 6.85 end–2020 and then 6.60 end–2021.” “The justification for this view is first the strong progress China has made in removing the threat of COVID–19 from its shores and getting industry back to work. And second, as we move into 2021, their structural development story becoming more apparent, bolstering gains.” 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.
