Gate News bot message, Bloomberg reports that amidst global trade turbulence, China is striving to boost exports, which means the renminbi is likely to weaken against most major currencies, although the dollar may be an exception.
According to the prediction of OCBC Bank, the Renminbi may depreciate by up to 3% against the official currency basket in the short term, while TD Securities expects a decline close to 4%.
Source: Bloomberg
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As China seeks to boost exports, the renminbi against the US dollar is sending an important signal.
Gate News bot message, Bloomberg reports that amidst global trade turbulence, China is striving to boost exports, which means the renminbi is likely to weaken against most major currencies, although the dollar may be an exception.
According to the prediction of OCBC Bank, the Renminbi may depreciate by up to 3% against the official currency basket in the short term, while TD Securities expects a decline close to 4%.
Source: Bloomberg