Yuan to strengthen in 2022 if Chinese exports stay robust – China Press

Dhwani Mehta FXStreet

The Chinese yuan is expected to strengthen further above 6.30 against the US dollar in 2022 if China's exports continue to remain robust, the 21st Century Business Herald reported, citing traders with the knowledge of the matter.

Key takeaways

“The appreciation in the Chinese currency is expected, despite the Fed’s rate hikes.”

The yuan is relatively stable at 6.37 against the dollar, despite that the China-US interest rate spread had narrowed to 106 bps, the lowest since 2021. Regulators should tame one-way bet on the yuan.”

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