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Mitul Kotecha

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us tariffs threaten yuan as investment banks predict record lows

China's yuan is projected to weaken to record lows as U.S. tariff threats escalate, with major investment banks forecasting an average of 7.51 per dollar by the end of 2025. The yuan's depreciation poses challenges for Chinese authorities, who aim to stabilize the currency while reviving the economy. The People's Bank of China is expected to implement measures to prevent excessive declines, balancing currency control with economic growth.
CNBC
Chinese Yuan United States Dollar Nomura Holdings, Inc. Macquarie Group Limited Morgan Stanley Capital Economics (N.A.) Ltd. Societe Generale Oxford Economics Ltd. J.P. Morgan Access Multi-Strategy Fund II FUND DBS Bank BNP Paribas SA UBS Barclays PLC The Goldman Sachs Group, Inc. ING USA CHN Cedric Chehab Ju Wang Scott Bessent Donald Trump Mitul Kotecha Jonas Goltermann Wei-liang Chang Show more
Finance & Economy, Market Report
04:56 28.11.2024
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