According to Commerzbank, the USDCNY exchange rate is expected to remain above 7.2 throughout the third quarter, before eventually declining to approximately 7 in the fourth quarter.

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USDCNY Chart by TradingView

The Yuan has weakened since mid-April. Economists at Commerzbank analyze CNY outlook.

Source: Commerzbank Research

See: USD/CNH could trade in a narrow 7.20-7.30 range for the remainder of July – Credit Suisse

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