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Société Générale forecast USD/CNY as high as 7.40

Soc Gen on the sliding yuan, forecasting USD/CNY to 7.30 in Q3 of this yearand to 7.40 in Q4 2023 & Q1 2024SG say that Market enthusiasm about China’s reopening didn't last longEven some of the more resilient indicators failed to mask the country’s structural problems. market shrugged off the recovery and is more focused on structural challengesthis combination means the yean is likely to weaken furtherSG on the People's Bank of China:PBoC does not seem too concerned about the yuan weaknessWhich... Read More

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Socit

Gnrale

Forecast

Usd

Cny

High

40 Soci t

G n rale

Usd cny

Forex

Posted: Jul 4 2023, 22:28

Author Name: forexlive

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