Chinese RMB Strengthening To 6.10 Against U.S. Dollar By Year End, SEB Forecasts

Analysts at leading Nordic corporate bank SEB have revised their forecast on the exchange rate of the Chinese Yuan (CNY) against the U.S dollar to 6.10 by the end of this year - from an earlier target of 6.30. By the end of 2019 they predict the Greenback will trade at CNY5.80.