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

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Goldman Sachs has raised its forecast for Chinas yuan
source : forex live ( Middle East ) () 42

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.

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