0311 GMT - USD/CNY is likely to fall on optimism on U.S.-China trade talks, with investors expecting some form of de-escalation in the coming months, say Goldman Sachs analysts in a commentary. The analysts add that CNY short positions against the greenback have recently shifted to long positions. GS strategists say that the downside tail in USD/CNH presents value. The decline in USD/CNY could be fast and event-driven in the short term, the analysts note. Over the medium term, the PBOC may prefer a more gradual and controlled adjustment through various methods, such as having state banks buy the U.S. Dollar amid a rising yuan, the analysts say. USD/CNY is last traded at 7.23. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 23:11 ET (03:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。