Goldman Sachs on CNY: Still see scope for modest depreciation vs. USD

Analysts at Goldman Sachs out with their view on the Chinese Yuan, as highlighted in their latest Global FX Views report.

Key Quotes:

“We still see scope for modest depreciation in the medium term against the USD and CFETS basket, but from a stronger level, and we do not expect moving close to the psychologically important level of 7.00 on $/CNY until well into 2018.”