USD/CNY to trade higher in a wider range of 6.35-6.55 in the next three months – Credit Suisse USDCNY China Fed Banks
Analysts at Credit Suisse now expect USD/CNH to trade gradually higher in a wider range of 6.35-6.55 in the next three months. continues to signal rate hikes to offset high US inflation, we expect incremental CNH weakness against the dollar. However, we still do not expect a large, sudden devaluation of the yuan, as this would possibly lead to financial instability and amplify growth concerns.”
“Now that USD/CNH has traded back to 6.40, we expect USD/CNH will trade higher in a wider range of 6.35-6.55 in the next three months.”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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