Financial Institutions Navigate Geopolitical Tensions and USD Dominance in Forecast Updates
Key Takeaways 💱 UBS raises forecast for USD/CNY exchange rate due to geopolitical tensions and Fed rate cut expectations 📈 Anticipates USD/CNY rate to reach 7.35 by June, revised targets for September, December, and March 2025 💼 People’s Bank of China may allow weaker yuan, adding short-term pressure on Chinese currency 🤝 Rising geopolitical tensions … Read more