I posted on Goldman Sachs' outlook for the yuan earlier in the week here:
Here another view, this time Bloomberg with a look at six charts to guide an outlook.
In brief they say:
- yuan will likely be supported
- improvement in the economy through year-end
- inflow of money as foreign investors buy onshore bond
- capital controls and the still-growing foreign exchange reserves should provide support
- In the short run though, with the U.S. raising rates, there's a risk that the stimulus may weaken the currency
Check out the link here for the 6 graphs
