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Goldman Sachs analysts forecast the Chinese yuan (CNY) will strengthen against the US dollar over the next year, revising their earlier predictions. The investment bank cites undervaluation and potential tariff adjustments as key drivers for the yuan’s appreciation.
- Goldman Sachs revises yuan forecast to 7.0 USD/CNY, down from 7.35 predicted earlier.
- BNP Paribas agrees, suggesting yuan could surge if China's GDP growth surpasses 5%.
- Yuan has gained 1.24% against USD in a month, signaling strengthening trend.
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