China's Yuan to gain ground on trade optimism – Goldman Sachs

Omkar Godbole FXStreet Contributor

Goldman Sachs expects China's Yuan (CNY) to gain ground, as the US is seen rolling back tariffs imposed on the world's second-largest economy.

Yuan is currently trading at 7.03 per US dollar. The Chinese currency had dropped to a low of 7.1842 per dollar on Sept. 3 and is currently down 2.26 percent on a year-to-date basis.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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