Yuan to rise against USD amid stabilizing China’s economic growth outlook – China Press

Dhwani Mehta FXStreet

The China Securities Journal carried an opinion piece on Wednesday, citing the Chinese analysts predicting a firmer Yuan versus the greenback in the fourth quarter.

Key Quotes:

“The yuan may rise against the U.S. dollar till mid-2020, supported by its economy.

Prices of industrial products are expected to rebound, increasing corporate profits and returns on capital, thereby propping up the yuan.

China's economic growth will stabilize in Q4, compared to the U.S.'s increased downward pressure, which could weaken the dollar while boosting the yuan.”

Author

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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