USD/CNY to reach 6.84 by year-end, breaking below 6.80 by mid-2024 – Wells Fargo USDCNY PBOC Fed Banks
USD/CNY and USD/CNH to end Q1-2023 at 6.92the USD/CNY and USD/CNH exchange rates to end Q1-2023 at 6.92 as broad USD appreciation is still likely, although we forecast only modest Renminbi weakness as the PBoC remains on hold.”
“We forecast the Chinese currency to reach 6.84 per Dollar by the end of this year and break below 6.80 by mid-2024.”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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