Goldman Sachs: China’s yuan still undervalued, has room to strengthen - IDNFinancials
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Goldman Sachs: China’s yuan still undervalued, has room to strengthen IDNFinancials
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Goldman Sachs has identified the Chinese yuan as being approximately 20% undervalued, prompting the bank to revise its forecasts upward. This assessment suggests that the yuan may be undervalued relative to its fundamentals, highlighting potential upside in the currency's trajectory as global economic conditions evolve. Per the full note [source], this valuation adjustment could influence market sentiment and positioning for both domestic and international investors as they recalibrate their expectations. Given the lack of significant upcoming economic events in China's calendar, market responses may be driven more by these valuation insights and the resulting speculative flows.
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