Danske: yuan to rebound when coronavirus under control

Other EM currencies such as ruble likely to gain ground against dollar

renminbi-pic
Better future: renminbi to gather pace as Chinese economy picks up in second half of 2020

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

Battered by the spread of the coronavirus, the yuan will resume its modest appreciation against the US dollar once the infection has been brought under control and the Chinese economy picks up during the latter half of 2020, says Allan von Mehren, chief analyst at Danske Bank.

The Danish bank expects USD/CNY to slip towards 6.85 within the next three months and settle at 6.8 in 12 months’ time.

Bolstered by the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: