More yuan forecasts along the same lines as the Goldman Sachs forecasts

GS sees the Chinese currency falling in the near term but stabilising further out.

Link here ICYMi:

• Goldman Sachs forecasts for the yuan - lower in near term but unchanged further out on expected trade deal

Via Morgan Stanley:

• expect 6.72 for USD/CNY in Q3 (was 6.57)
• but recover in Q4 to 6.60 (previous 6.55)

MS cite expected bounce for China's economy, moves towards resolving trade conflict

ps. Separate note to their earlier:

• Morgan Stanley say China is in a strong position, so 'trade tensions will likely stay with us'