China’s Commerce Ministry: Yuan seen weaker at 6.5-6.8 vs. USD in 2021

Dhwani Mehta FXStreet

The Chinese yuan is likely to drop to 6.5-6.8 against the US dollar this year, Liang Ming, a professor at China’s Commerce Ministry, projected on Wednesday.

Liang said that the rise in USD/CNY could likely be on the back of the US economic recovery under the Biden Administration.

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Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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