Yuan's recovering. Forecast as of 18.07.2023

The USDCNH's powerful trend wasn't questioned in January-June 2023, but the situation has changed since July. Why? Let’s discuss that and make a trading plan.

Monthly fundamental forecast for yuan

The second half of 2023 promises to change the mood of the yuan's fans. Banks make bearish forecasts for the USDCNH, believing that Beijing will do anything to reach a 5% growth target for GDP in 2023 and the Fed is nearing the end of tightening.

China was a disappointment in 2Q. The economy grew by as little as 0.8% from one quarter to the next and came in worse… Read full author’s opinion and review in blog of #LiteFinance