• USD/CNH to top around 7.30 during the third quarter – Rabobank

Noticias del mercado

30 junio 2023

USD/CNH to top around 7.30 during the third quarter – Rabobank

Lower rates and disappointing economic data have resulted in a sharp depreciation of the Yuan. The accelerated pace of Yuan weakening lead economists at Rabobank to revisit their FX forecast.

Modest and gradual strengthening of the Yuan against the Dollar in Q4

We now expect USD/CNH to top around 7.30 during the third quarter in anticipation of worse-than-expected economic data. 

During the last quarter of this year, we see a modest and gradual strengthening of the Yuan against the Dollar, bringing the currency pair back to 7.25, since we expect markets to price in Fed rate cuts for the second quarter of next year.

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: