According to TDS, the USDCNY exchange rate will likely remain between 7.10 and 7.35 for the remainder of the year and is expected to finish at around 7.20.

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USDCNY Chart by TradingView

The Yuan has taken a beating, slumping by >5% YTD in spot for both onshore and offshore, and is visibly one of the worst performing currencies in Asia against the USD. Economists at TD Securities analyze USD/CNY outlook.

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