USD/CNY to hit 7.15 by end-Q2 2019 - Barclays

In its latest client note, analysts at Barclays offered their outlook on the Chinese economic growth and the local currency, the Yuan.

Key Points:

On economic growth, the estimate is for 2019 GDP growth at 6.2%, revised lower from the previous forecast 6.5%.

The downward revision is due to softer credit growth and activity outlook.

USD/CNY by end 2018 is seen at 6.95, unchanged forecast

Yuan to hit 7.15 per dollar by end of Q2 19 vs. 6.95 previous forecast.