Yuan is seeing another leg of weakness against the US Dollar. Economists at UBS expect upward pressure on USDCNY to persist.“The Yuan is likely to stay weak in the near term, given macro headwinds and the large USD yield advantage.”
and the subdued appetite for Chinese assets will see persistent, upward pressure on the USDCNY in the near term.” 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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