Chinese Yuan: Gradual appreciation view – MUFG
MUFG analysts Lin Li and Khang Sek Lee note that July data point to weaker Chinese growth and a widening divergence between the "new" and "traditional" economy.
MUFG analysts Lin Li and Khang Sek Lee have observed a weaker Chinese economy, citing July data pointing towards slowing growth and a widening gap between the new and traditional economies. Despite short-term disruptions from Middle East risks and extreme weather conditions, they emphasize persistent weak demand and the need for additional policy stimulus. The analysts maintain their forecast that USD/CNY will reach 6.65 by the end of 2026.
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