USD/CNY might reach 7.25 by year-end – Credit Suisse USDCNY China Banks
More RMB depreciation is likely
Looking ahead, we maintain our view that there will likely be additional depreciation of the RMB against the USD and reiterate that the bilateral exchange rate might reach 7.25 by the end of this year. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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