As per Bpaynews, Goldman Sachs has extended its USD/CNY projections, maintaining a constructive outlook on the yuan. The bank forecasts USD/CNY at 6.95 in three months, 6.90 in six months, and 6.85 in twelve months. It argues the yuan remains fundamentally undervalued, with external demand stabilizing and growth expectations improving. The People’s Bank of China’s methodical daily fixing is seen as supporting a gradual, managed appreciation path. A steadier yuan could act as a regional anchor, easing FX volatility across Asia. Key risks include domestic growth relapses, adverse global yield dynamics, and trade flow deterioration.
Goldman Sachs Projects Gradual Yuan Appreciation, Targets USD/CNY 6.85 in 12 Months
BpaynewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.