USD/CNY could revisit the high last year around 7.30 – TDS

FXStreet Insights Team FXStreet

Economists at TD Securities analyze the Yuan outlook.

Slowdown in China's recovery and widening rate differentials will add pressure on the Yuan

The slowdown in China's recovery and widening rate differentials will add pressure on the Yuan and we think USD/CNY could revisit the high last year around 7.30.

However, we expect authorities to show their discomfort with the pace of depreciation via the daily fixings to slow the pace of the USD/CNY climb.

See: USD/CNH to top around 7.30 during the third quarter – Rabobank

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The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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