• USD/CNH will peak near 7.2500 – CIBC

Noticias del mercado

5 febrero 2024

USD/CNH will peak near 7.2500 – CIBC

USD/CNH briefly traded above 7.2000. Economists at CIBC Capital Markets analyze the pair’s outlook.

Very slight downside relief to 7.2000 and 7.1500 in Q3 and Q4, respectively

USD/CNH will peak near 7.2500. 

Almost every week media reports that state banks are selling USD in the spot market to defend the onshore Yuan. Thereafter, we expect very slight downside relief to 7.2000 and 7.1500 in Q3 and Q4, respectively.

The Yuan will benefit from USD weakness, but less so than North Asian peers JPY and KRW.

 

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: