FXStreet reports that Jianwei Xu from Natixis discusses USD/CNY prospects.

“As long as global growth (mainly in China and in the US) is improving on the back of vaccines and fiscal stimulus, the dollar will depreciate to the profit of most currencies but particularly the CNY as it is supported by a strong growth. Currently the PBoC would like to stabilize its currency but it would be complicated given current inflows. The USD will continue to depreciate this year against most currencies and particularly the CNY as the USD/CNY could fall towards 6.30 in one year.”