Yuan seen around 7.00 in 3 to 6 months – Goldman Sachs

In its latest client note, analysts at Goldman Sachs expressed their view on the Chinese currency, the CNY, with the key quotes found below.

“Locking for a move to 6.90 / 7.10 in 3 to 6 months.

Then to reverse (i.e. Yuan to strengthen) to 6.6 in 12 months.

A trade deal with the US will be agreed to.

But not before the tensions escalate further first.”