Yuan trend turns up. Forecast as of 22.11.2023

The Fed's rate cut in 2024 while the PBoC interest rate remains at the same level suggests a drop in the USDCNH price. Furthermore, other bearish factors will affect the pair. Let us discuss the Forex outlook and make up a trading plan.

Quarterly yuan fundamental forecast

The US inflation and GDP are to decline, and the Fed’s monetary tightening cycle has been completed. It means the USDCNH bears should be encouraged. The yuan has hit its highest level against the US dollar since July and is optimistic about the future. However, it is not clear how long the renminbi… Read full author’s opinion and review in blog of #LiteFinance