USD/CNY to decline toward 6.55 by year-end – TDS USDCNY Banks
“While markets may now be a little warier of pushing the CNY lower, we think the CNY will largely track the USD in the short term, with the next resistance at 7.0865 .”
“Further out, our view of USD weakness in the months ahead will keep USD/CNY on track to hit our forecast of 6.55 by the end of 2023.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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