Morgan Stanley Raises Yuan Year-End Forecast to 6.75 as It Sees Near-Term 6.70
Updated
Updated · Bloomberg · May 13
Morgan Stanley Raises Yuan Year-End Forecast to 6.75 as It Sees Near-Term 6.70
1 articles · Updated · Bloomberg · May 13
6.75 is Morgan Stanley’s new year-end forecast for the yuan, up from 7 previously, with the bank also projecting a near-term move to 6.70 against the dollar.
Stronger Chinese growth and improving risk sentiment are driving that expected appreciation, though the bank said the yuan’s rally should slow from here.
Morgan Stanley also broke with more bullish calls, arguing the currency is not significantly undervalued even as it lifted its forecast closer to the Bloomberg consensus.
As global conflicts escalate, can economic optimism truly drive the yuan's value against the safe-haven dollar?
With China's weak consumption and property crisis, is the yuan's rally built on a fragile foundation?