Analysts at the US investment banking giant, Goldman Sachs, offer their outlook on the USD/CNY pair in the wake of the US-China trade impasse. Key Quotes: “Maintains their 6 and 12-month forecasts for the Yuan at 6.65 and 6.60 respectively due to an expected trade deal in coming months. But challenges and uncertainty remain. Lowered the 3-month forecast to 6.95 from 6.65 to the USD. The risk has risen for further tariff hikes from the US. China’s monetary and fiscal policy will remain supportive of growth stability.” 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 AUD/USD keeps losses after below-forecasts Aussie home loans data FX Street 3 years Analysts at the US investment banking giant, Goldman Sachs, offer their outlook on the USD/CNY pair in the wake of the US-China trade impasse. Key Quotes: "Maintains their 6 and 12-month forecasts for the Yuan at 6.65 and 6.60 respectively due to an expected trade deal in coming months. But challenges and uncertainty remain. Lowered the 3-month forecast to 6.95 from 6.65 to the USD. The risk has risen for further tariff hikes from the US. China's monetary and fiscal policy will remain supportive of growth stability." Top 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.
