Yuan needs a reboot. Forecast as of 08.12.2020

The USDCNH continues falling amid the Chinese strong GDP and the PBOC actions. However, if the US-China trade relations do not improve, the yuan could stop growing. Let us discuss the yuan prospects and make up a trading plan.

Fundamental yuan forecast for a year

Just a year ago, no one would believe that international trade and China would be the major drivers for the global economy. In late 2019, China’s economy was quite weak because of the US-China trade war. Numerous trade tariffs hindered both export-import transactions around the world and global GDP. In 2020, everything has changed. Amid the… Read full author’s opinion and review in blog of #LiteForex