- Analytics
- News and Tools
- Market News
- USD/CNH to top around 7.30 during the third quarter – Rabobank
USD/CNH to top around 7.30 during the third quarter – Rabobank
Lower rates and disappointing economic data have resulted in a sharp depreciation of the Yuan. The accelerated pace of Yuan weakening lead economists at Rabobank to revisit their FX forecast.
Modest and gradual strengthening of the Yuan against the Dollar in Q4
We now expect USD/CNH to top around 7.30 during the third quarter in anticipation of worse-than-expected economic data.
During the last quarter of this year, we see a modest and gradual strengthening of the Yuan against the Dollar, bringing the currency pair back to 7.25, since we expect markets to price in Fed rate cuts for the second quarter of next year.
© 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
