Yuan takes growth vitamins. Forecast as of 27.12.2023

As the example of the euro shows, a weak economy is not an obstacle to a stronger currency. China's economy cannot be called weak. In 2024, it may present a pleasant surprise. Let us discuss the Forex outlook and make up a USDCNH trading plan.

Quarterly yuan fundamental forecast

Cui prodest? Since the beginning of the year, the Chinese yuan has lost more than 3% against the US dollar. Considering that China has the largest exports in the world at $3.7 trillion in 2022, the devaluation of the national currency makes it easier for it to find buyers. However, the… Read full author’s opinion and review in blog of #LiteFinance