Goldman Sachs forecasts 4.5% gains for Chinese renminbi amid Trump-Xi summit
Crypto Briefing
Goldman Sachs predicts the Chinese yuan will rise 4.5% against the dollar, citing upcoming diplomatic talks between President Trump and President Xi Jinping.Summary
Goldman Sachs expects the Chinese yuan to reach 6.50 against the U.S. dollar by mid-2027, representing a 4.5% gain. This forecast is driven by the upcoming summit between President Trump and President Xi Jinping in Beijing, where trade tariffs and economic cooperation will be central themes. The People’s Bank of China has already begun signaling a potential appreciation by adjusting its reference rates. Meanwhile, crypto markets are showing sensitivity to these developments, with Bitcoin prices rising as investors anticipate potential regulatory clarity and market shifts stemming from the diplomatic negotiations.
(Source：Crypto Briefing)