#USDCNY @ 7.05730 to drop back to 6.8500 by the end of Q2 and 6.6500 by year-end – MUFG
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
USD/CNY has gained upward momentum in recent weeks. Nonetheless, economists at MUFG Bank expect the pair to move back lower.
“We still expect CNY to strengthen in the year ahead, albeit with less degree of appreciation against the US Dollar.”
“Steadier and faster growth for China’s economy in the second half of this year should help improve market sentiment.”
“We expect USD/CNY to drop back to 6.8500 by the end of Q2 2023 and 6.6500 by the end of this year.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
