Bumpy ride: It’s been a roller coaster for the yuan this year: the currency surged 2.6 in January on the back of a sliding dollar and then gave up about half those gains in just two sessions. — Reuters
HONG KONG: The yuan is entering a critical period after posting its second-best monthly advance ever, with analysts sounding caution as a new round of China-US trade talks gets underway.
The Chinese currency could head to 7 per US dollar if there’s a breakdown in the negotiations, while an agreement on no additional tariffs would send it on a sustained rally, Citigroup Inc said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
