Goldman Sachs has raised its forecast for China's yuan ...Middle East

forex live - News
Goldman Sachs has raised its forecast for Chinas yuan
source : forex live ( Middle East ) () 57

Goldman Sachs forecasts USD/CNY to dropping to

7.20 in 3 months 7.10 in six months7 over the next 12 months

Goldman Sachs sees China's exports remaining strong.

    “The undervalued levels of the currency, both on a real trade-weighted basis but especially versus the dollar, all point to the possibility for a stronger onshore yuan as a potential offset to tariff reductions”

    Info comes via a Bloomberg (gated) piece on a GS note on Friday.

    This article was written by Eamonn Sheridan at www.forexlive.com.

    Read More Details
    Finally We wish PressBee provided you with enough information of ( Goldman Sachs has raised its forecast for China's yuan )

    Apple Storegoogle play

    Also on site :

    Most viewed in News
    Israel appears to have destroyed a refueling plane in Iran’s far east, satellite imagery and video shows.
    The New York Times - before 5 hours & 58 minute
    Chart-Topping 70's Rock Band Honors Fallen Members During Farewell Show
    Parade - before 5 hours & 14 minute
    Kevin Costner, 70, Opens Up About What's Next On His Bucket List
    Parade - before 8 hours & 37 minute
    Is Iran running out of missiles? Its rate of attack on Israel is already slowing down, think tank says
    Fortune - before 7 hours & 18 minute
    Iran’s Revolutionary Guard intel chief killed in Israeli strike
    Russia Today - before 2 hours & 57 minute
    Netanyahu visits site of Iranian missile strike in Israel
    Aljazeera - before 11 hour & 35 minute
    Melissa Hortman was once a teenager with a job making burritos then became a powerful Minnesota lawmaker who trained service dogs
    Fortune - before 4 hours & 26 minute
    ‘Innocent bystander’ fatally shot during Salt Lake City ‘No Kings’ protest, police say
    Independent - before 7 hours & 18 minute
    Priscilla Presley's Father's Day Tribute Has Fans All Saying the Same Thing
    Parade - before 7 hours & 2 minute
    Minnesota shooting suspect was looking for work while doing odd jobs, then emptied a bank account and paid 4 months of rent before the attack
    Fortune - before 9 hours & 54 minute
    Aldi Is Selling Cute $10 Denim Shorts Similar to Levi's and Bloomingdale's Styles Almost 13x the Price
    Parade - before 5 hours & 44 minute
    Walmart Is Selling a 'Durable' $111 Tool Kit for Just $46, and Shoppers Say It’s the 'Best Decision Ever'
    Parade - before 10 hours & 56 minute


    Latest News

    Xi visits Kazakhstan for talks with Central Asian leaders

    1 minute

    Suspect in custody after shooting Minnesota lawmakers while posing as officer, ABC News says

    1 minute

    Suspect's car found as police continue search after killing of Minnesota lawmaker

    before 2 minute

    Aaron Rodgers Fit With Steelers Called Into Question by NFL Legend

    before 3 minute

    Suspect in Minnesota lawmaker shootings in custody: reports

    before 3 minute

    5 things to know about players Red Sox acquired in Rafael Devers’ trade

    before 4 minute

    An earthquake off Peru’s coast shakes capital, leaving one person dead and 5 injured

    before 11 minute

    G7 needs to raise pressure on Russia, Ursula von der Leyen says

    before 11 minute

    Eye on the Ball: Pro-Illegal Alien Protester Ends Up in Hospital After Testy Encounter with LAPD Shooter

    before 13 minute

    Final Palisades fire evacuation order lifted

    before 13 minute

    Hedge funds reap cash from investors ‘starved’ of Japan exposure

    before 15 minute

    'Bomb threat': Hyd-bound Lufthansa flight forced to return to Germany; 'denied permit to land'

    before 15 minute

    China refuses to approve exports of specific rare earth metals used in US weapon systems

    before 17 minute

    Spaun bounces back, overcomes wet, stormy Oakmont to win U.S. Open

    before 18 minute

    Vance Boelter taken into custody in lawmaker shootings in Minnesota, sources say

    before 18 minute