Goldman Sachs forecasts USD/CNY to dropping to
- 7.20 in 3 months
- 7.10 in six months
- 7 over the following 12 months
Goldman Sachs sees China’s exports remaining sturdy.
- “The undervalued ranges of the foreign money, each on an actual trade-weighted foundation however particularly versus the greenback, all level to the likelihood for a stronger onshore yuan as a possible offset to tariff reductions”
Information comes through a Bloomberg (gated) piece on a GS word on Friday.
This text was written by Eamonn Sheridan at www.forexlive.com.
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