Goldman Sachs Targets Yuan at 6.40, Models Point to Possible 6.00
Goldman Sachs expects the yuan to reach 6.40 per dollar in a year and models suggest a possible move to 6.00. Trivedi calls undervaluation 20-25%.
Goldman Sachs expects the yuan to reach 6.40 per dollar in a year and models suggest a possible move to 6.00. Trivedi calls undervaluation 20-25%.
Reuters sees the PBOC's daily USD/CNY fixing at 6.6981, with the midpoint's policy message shifting.
Reuters expects the PBOC to set its USD/CNY midpoint at 6.6977, still softer than market forecasts.
The PBOC is expected to set the USD/CNY reference rate at 6.7973, according to a Reuters estimate.
Reuters expects the PBOC to set the USD/CNY midpoint at 6.7025, with recent fixings showing Beijing has eased resistance to yuan gains.
Reuters estimates the PBOC will set the USD/CNY midpoint at 6.7177, a key signal for forex markets.
The PBOC has eased resistance to yuan gains, though September fixings remain below market estimates. Reuters sees the next midpoint at 6.7085.
PBOC set the yuan central rate at 6.7459 per dollar versus a 6.6989 forecast, the strongest since February 3, 2023.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.6951, with the fixing mechanism signalling concerns over yuan appreciation pace.
China kept its one-year and five-year loan prime rates unchanged for the 16th straight month, as the Fed's rate hike limited policy space.
PBOC set its widest weak-side fixing deviation in six months after yuan hit 3.5-year high, signaling concern over pace of gains.
PBOC expected to fix USD/CNY at 6.7241; recent moves show concern over pace of yuan gains.
PBOC Governor Pan Gongsheng's Qiushi article signals a shift to price-based tools from loan targets, aiming to stabilise debt.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.7148. The fixing has recently sent cautionary signals on yuan strength.
PBOC set the USD/CNY central rate at 6.7670, above the Reuters estimate of 6.7051. It injected 597 billion yuan via overnight reverse repos, with no seven-day…