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The Yuan has weakened in recent weeks. Economists at Commerzbank share their USD/CNY and EUR/CNY forecasts.
We forecast USD/CNY to stay beyond 7.10 through Q3 before falling back to below the key 7 mark due to the anticipated softening of the Dollar.
Beyond the near term, CNY will strengthen modestly against USD, supported by the expected softening of the Dollar as we anticipate the Fed to cut its key interest rate from the beginning of 2024.
EUR/CNY will likely rise in the near term due to further tightening of ECB monetary policy for the time being
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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