CNY will progressively gain traction through 2020 – Westpac

Sandeep Kanihama FXStreet Contributor

In view of Westpac analysis team, CNY will progressively gain traction through 2020, with USD/CNY falling from CNY7.10 at March to CNY6.90 end–2020, then CNY6.60 end–2021.

Key Quotes

“Central to this trend is an expected broader base for growth across both industry and households in China. The more China engages with Asia, the greater the opportunity for the entire region. As for long–term growth opportunities, risks for Asia's currencies are clearly skewed to the upside.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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