USD/CNH: December forecast revised to 6.80-7.10 from 7.05-7.35 – Credit Suisse

Economists at Credit Suisse revise their December forecast for the USD/CNH pair to 6.80-7.10, from the previous range of 7.05-7.35. 

Headline risks and heightened CNH volatility could persist

“It is too early to say precisely when China’s transition to ‘living with Covid’ will yield positive results in economic data and domestic demand.”

“Year-end illiquidity means that headline risks and heightened CNH volatility could persist.” 

“We revise our December forecast for USD/CNH to 6.80-7.10 (from the previous range of 7.05-7.35).”

See – USD/CNH: Solid support lines up at 6.9300 – UOB