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Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast

27 November 2024
in World
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Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
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Chinese authorities are grappling with a weakening yuan as global investment banks predict record lows due to U.S. president-elect Donald Trump’s tariff threats. Major institutions forecast offshore yuan to drop to an average of 7.51 per dollar by the end of 2025, potentially marking the currency’s weakest level since 2004. CNBC’s analysis of 13 forecasts reveals the challenging economic landscape ahead for China as they navigate the impact of Trump’s policies on their currency.

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Tags: Banksbusiness newsChineseCurrency marketsforecasthitInvestmentlowsMountsrecordtariffThreatU.SWorld Marketsyuan
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