Goldman projections are for USD/yuan to 7.25 (three month horizon) – prior forecast was to 7.15 Out 6 months sees some recxovery to 7.15 – prior 7.05 12 months 7
Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3000 – 1.3147. Alternative scenario: breakout and consolidation below the level of 1.2610 will allo
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