USD/CNY: Resumption of Dollar’s strength to drive a small rebound – Danske Bank USDCNY Banks China
“The rapid change in China has paved the way for a weakening of the USD both versus the CNY and the EUR. However, we still see the path to be lower for the cross over the next year.”
“A resumption of a stronger USD is also expected to drive a small rebound in USD/CNY. Forecast: 6.80 , 6.95 , 7.10 , 7.10 ”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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