• USD/CNY to breach historical highs and end the year at 7.60 – SocGen

Noticias del mercado

23 agosto 2023

USD/CNY to breach historical highs and end the year at 7.60 – SocGen

 Economists at Société Générale make an upward revision to USD/CNY.

An arduous march to 7.60 by the end of 2023

We revise up our year-end USD/CNY forecast by 0.20 to 7.60.

The policy response, seemingly less organised than in the past, should pave the way for the USD/CNY pair to overshoot rather than undershoot for the remainder of the year. 

The current CNY weakness is fundamentally driven and the impact of the PBoC’s stronger fixing is not likely to be effective this time around.

 

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: