UBS forecast USD/CNY to reach 7.5 by June this year:
- while growth is expected to accelerate in China, effective tariff rates could rise dramatically and be a headwind
- CNY has only partially priced in this
On the other side, UBS see continued US dollar strength.
- US activity likely to stay robust, economic data is likely to stay strong in the near term
- ongoing tariff worries for the rest of the world, if new tariffs are introduced, the US dollar could appreciate further
- US dollar to stay stronger for longer
- expect the Fed to cut for a total of 50bps of easing, in 2Q and 3Q
This article was written by Eamonn Sheridan at www.forexlive.com.
#UBS #forecast #USDCNY #hit #June #Forexlive
USDCNY forecast
latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media
HINDI NEWS
News Source
