Goldman Sachs Predicts Yuan Strengthening Against US Dollar
- Goldman Sachs forecasts the USD/CNY rate to decrease from 7.2 to 7.0 within 12 months.
- The yuan has appreciated by 1.24% against the USD in the past month and 0.31% in the last five days.
- Analysts previously predicted a higher rate of 7.35 for the yuan over a year.
- BNP Paribas Asset Management also anticipates a rise in yuan value against the dollar.
The onshore Chinese yuan is expected to appreciate against the US dollar, with Goldman Sachs predicting a fall in the USD/CNY rate from its current level of 7.2 to 7.0 over the next year, reflecting potential currency strength amid trade negotiations.
Source (2.6)https://dailyhodl.com/2025/05/13/us-dollar-to-fall-significantly-against-chinese-yuan-amid-trade-negotiations-according-to-goldman-sachs-report/?rand=59076
