Yuan wakes up. Forecast as of 18.10.2023

China’s domestic data are improving. Many investors expected the Chinese economic recovery earlier, and they are unwilling to bet on the yuan now. However, the USDCNH bears are to go ahead soon. Let us discuss the Forex outlook and make up a trading plan.

Monthly yuan fundamental forecast

Betting on China at the beginning of the year seemed like a win-win. Judging by the rapid recovery of the economies in the USA and the euro area after exiting lockdowns, investors seriously expected that history would repeat itself in China, and 2023 was supposed to be a year of rapid GDP… Read full author’s opinion and review in blog of #LiteFinance