Goldman Sachs forecasts for the yuan - lower in near term but unchanged further out on expected trade deal
GS have left their 6 and 12 month forecasts for the yuan at 6.65 and 6.60
GS cite an expected trade deal in coming months.
- but challenges and uncertainty remain
Have lowered the 3 month forecast to 6.95 from 6.65 to the USD.
GS note the risk has risen for further tariff hikes from the US.
Say China's monetary and fiscal policy will remain supportive of growth stability.