
USD-CNY Forecast: Navigating the Renminbi Outlook Amidst China’s Persistent Deflation
The Renminbi Rebounds: A New Chapter in US-China Trade Tensions In recent weeks, the Chinese renminbi has experienced a significant rebound, with the USD/CNY exchange rate plunging to a low of 7.2335, its lowest level since November 25, 2020. This development comes amidst ongoing trade tensions between the United States and China, which have been…