- Analytics
- News and Tools
- Market News
- USD/CNY to slide towards 6.40 by end-2021 – Danske Bank
USD/CNY to slide towards 6.40 by end-2021 – Danske Bank
FXStreet reports that economists at Danske Bank expect a stronger yuan over the next year.
“We look for a continuation of the move over the next six months as monetary policy is diverging with China aiming for exit, while the US still has an easing bias. Overall USD weakness also supports a decline in USD/CNY in the short-term.”
“We have revised down our one month forecast to 6.55 (from 6.60), three months forecast to 6.50 (from 6.55) and six months forecast to 6.45 (from 6.50) while keeping our 12 months forecast at 6.40. Our forecast points to a stronger CNY than the forward market expects.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
