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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。