Goldman Sachs on the yuan after the phase 1 trade deal signing: 6.85 in three months

Author: Eamonn Sheridan | Category: News

GS comments on currency policy within the trade agreement:

  • don't see a lot new here
  • less relative to what's in the United States-Mexico-Canada Agreement, particularly given there is no agreement to publish intervention data
  • nothing in it that significantly alters our outlook for the yuan
  • We see the currency moving to 6.85 in three months -- so close to flat

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