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Analysts at Commerzbank offer their outlook on the USD/CNY cross, in light of the resurgence of the US-China trade tensions.

Key Quotes:

“The risk of there being no trade deal has escalated remarkably at this juncture and the second factor being that volatility in USD/CNY is set to take off due to massive uncertainties surrounding trade talks.

In that lieu, the firm still maintains its USD/CNY forecast by year-end of 6.90.”