Economists at Credit Suisse revise their December forecast for the USD/CNH pair to 6.80-7.10, from the previous range of 7.05-7.35.
“It is too early to say precisely when China’s transition to ‘living with Covid’ will yield positive results in economic data and domestic demand.”
“Year-end illiquidity means that headline risks and heightened CNH volatility could persist.”
“We revise our December forecast for USD/CNH to 6.80-7.10 (from the previous range of 7.05-7.35).”