Chinese Yuan will breach 7 per USD within 6 months - Reuters poll

China's yuan will breach the major psychological level of 7 per US dollar within the next six months, according to about 60 percent of FX strategists polled by Reuters.

Key points

  • 17 of 28 analysts expect USD/CNY to rise above 7.00 within the next six months.
  • Yuan is forecasted to fall about 1 percent vs US dollar to 6.95 in a year; slightly more than 6.85 forecasted in November poll.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.