Chinese Yuan's Outlook Remains Bullish -- Market Talk

Dow Jones
Feb 05

0147 GMT - Chinese yuan's outlook remains bullish, says Danny Suwanapruti of Goldman Sachs' Research. This view is partly supported by China's export resilience, with the trade surplus expected to reach a record US$1.4 trillion this year, the analyst says. "We think policymakers are signaling more tolerance for currency strength, and the CNY is one of the most undervalued currencies according to our metrics," Suwanapruti says in a research report. GS has revised its CNY forecasts stronger versus USD. It now sees USD/CNY at 6.90 in three months versus 6.95 previously, at 6.80 in six months versus 6.90 previously, and at 6.70 in 12 months versus 6.85 previously. USD/CNY is little changed at 6.9438, LSEG data show. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

February 04, 2026 20:47 ET (01:47 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10