How Far Can China’s Yuan Rise? What Goldman’s Models Show
Goldman Sachs expects China’s yuan to strengthen to 6.40 per dollar within a year, from around 6.69 now. Its top currency strategist says forward markets have not caught up to that view. Kamakshya Trivedi is Goldman’s global head of FX, rates and emerging markets strategy research. He puts the yuan’s undervaluation at 20% to 25% The post How Far Can China’s Yuan Rise? What Goldman’s Models Show appeared first on BeInCrypto.
Key Takeaways
- Goldman Sachs expects China’s yuan to strengthen to 6.40 per dollar within a year, from around 6.69 now.
- Its top currency strategist says forward markets have not caught up to that view.
- Kamakshya Trivedi is Goldman’s global head of FX, rates and emerging markets strategy research.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Live updates: Bitcoin whipsaws between $81,000 and $84,000 as altcoins slide
Bitcoin bounced back from an early dip as ZEC, HYPE and SOL led altcoin losses. JPMorgan fell after kicking off U.S. earnings season.
‘Leave’: Crypto Backlash Over French Proposal to Report Wallets Over $112K
The proposal would require crypto owners to report holdings over €100,000, sparking concerns following a wave of "wrench attacks" in France.
The Shiba Inu Tokens Vitalik Never Asked For Are Funding a COVID Vaccine Trial
Ethereum co-founder Vitalik Buterin's Balvi fund put Shiba Inu millions into PopVax's open-source COVID-19 vaccine, now in human trials. The post The Shiba Inu Tokens Vitalik Never Asked For Are Funding a COVID Vaccine Trial appeared first on BeInCrypto.