CNY: On Course For 9% Rise In 2008

June 2008 | Currency Forecast

The yuan will continue heading steadily higher against the US dollar throughout the rest of the year as it continues to gradually trend its way towards our year-end target of CNY6.7000/US$. Meanwhile, the CNY will continue to head gradually higher against the euro on its way towards crucial resistance in the CNY10.60/EUR area.

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