Goldman Sachs expects USD/CNY to decline further ...Middle East

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Goldman Sachs expects USD/CNY to decline further

Goldman Sachs expects USD/CNY to decline further, citing

growing optimism around U.S.-China trade talksshift from short to long CNY positions

The move lower could be swift and event-driven in the near term, while the PBOC may guide a more gradual adjustment over time.

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    The People's Bank of China will welcome back yuan strength.

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

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