CNY At A Glance: China's Yuan Moves Into Our Bullish Scenario

ING Economic and Financial Analysis5.31K FollowersFollow5ShareSavePlay(15min)CommentsSummaryNews of a US-Iran ceasefire has pushed the Chinese yuan higher, breaking through our previous forecast band and prompting an update.We're setting the new forecast band at 6.70-7.05, formerly our bullish scenario for the CNY this year.China has been running an especially strong current account surplus in the last couple of years, as external demand has been resilient despite the trade war. travellinglight/iStock via Getty Images By Lynn Song, Chief Economist, Greater China CNY has outperformed most currencies vis-a-vis the dollar this year The Chinese yuan has tended to fall in the middle of the pack in terms of its performanceThis article was written byING Economic and Financial Analysis5.31K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.