Goldman Sachs has raised its forecast for China’s yuan | Forexlive
Goldman Sachs forecasts USD/CNY to dropping to 7.20 in 3 months 7.10 in six months 7 over the next 12 months Goldman Sachs sees China’s exports remaining strong. “The undervalued levels of the currency, both on a real trade-weighted basis but especially versus the dollar, all point to the possibility for a stronger onshore yuan…