As Trump heads to China, here’s how much the dollar is overvalued, according to Goldman Sachs - MSN
From the original
As Trump heads to China, here’s how much the dollar is overvalued, according to Goldman Sachs MSN
Related speeches
4 itemsGoldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year - investingLive
Goldman Sachs says yuan 20% undervalued, lifts forecasts to 6.50 in a year
Lead — Goldman Sachs' recent analysis underscores a significant undervaluation of the Chinese yuan, estimating it to be over 20% lower against the US dollar. The bank has revised its forecasts upward, projecting the yuan to strengthen to 6.80 in three months, 6.70 in six months, and 6.50 in a year, driven by structural economic factors rather than short-term events. Per the full note [source], this perspective is supported by China's unprecedented external surplus and improving market conditions. The convergence of forecasts from major firms like Goldman and JPMorgan suggests a broader market shift towards yuan appreciation, which could have substantial implications for dollar positioning and commodity markets.
More from GOOGLE NEWS · USD/CNY
5 items- GOOGLE NEWS · USD/CNY
investingLive Asia-Pacific FX news wrap: Asia-Pac equities claw back early losses - investingLive
- GOOGLE NEWS · USD/CNY
Offshore Yuan Falls on China Growth Concerns - TradingView
- GOOGLE NEWS · USD/CNY
Goldman Sachs: Expects oil prices to reach USD 80 per barrel in the fourth quarter of this year; remains bullish on Japanese, South Korean, Taiwan, and A-share markets. - 富途牛牛
- GOOGLE NEWS · USD/CNY