Societe Generale Projections: USD/CNH Likely to Reach 7.45 Amid Economic Developments

Wednesday, 10 July 2024, 10:21
Societe Generale predicts a significant rise in USD/CNH exchange rate to 7.45 by year-end. The upcoming Third Plenum meeting will focus on revitalizing the property market and enhancing consumer sentiment, as highlighted by the FX strategists at Societe Generale. This forecast indicates a potential shift in currency dynamics and market sentiment.

USD/CNH Projections by Societe Generale

Societe Generale anticipates USD/CNH to reach 7.45 by the end of the year, marking a substantial increase in the exchange rate.

Third Plenum Meeting Insights

The upcoming Third Plenum meeting is set to address issues related to the property market revival and consumer sentiment enhancement.

  • Key Point: Discussions at the meeting will likely impact market trends and currency dynamics.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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