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Friday, May 04, 2018
Impact of China-U.S. trade negotiations on RMB exchange rate will gradually become lesser.
ANBOUND

The exchange rate of RMB against the USD has dropped for seven consecutive days. The market is worried that the USD index will continue to expand its gains for some time, and may continue to pressure the RMB. However, an Anbound analyst, who declined to be named, pointed out that the high probability of trade negotiations between China and the United States is not a short-term issue. Even if President Donald Trump's has not been impeached, his term of office will be less of than three years. This coupled with the time required by the United States legal process, China stands to be in good position. Taken together, the impact of the China-U.S. trade negotiations on the RMB exchange rate will gradually become lesser.

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