Yuan doesn’t fear enemies. Forecast as of 07.01.2021

The yuan performed well in 2020, and it is going to rally in 2021. The USDCNH sellers still have the same advantages. Let us discuss the Forex outlook and make up a USDCNH trading plan.

Fundamental yuan forecast for six months

The yuan strengthened versus the US dollar by almost 6.7% in 2020. There are several reasons for the yuan’s rally, including the growth gap, different approaches to pandemic management, high demand for Chinese assets, and the hopes for the improvement in the US-China trade relations. In 2021, the renminbi's last-year advantages should remain, so the USDCNH drop to the… Read full author’s opinion and review in blog of #LiteForex