Goldman Sachs has lowered its forecast for the yuan
– USD/CNY to 6.60 in 12 months (prior forecast was at 6.15)
– To 6.70 by the end of 2016 (prior 6.20)
Comments from London-based strategist Kamakshya Trivedi in a client note Monday:
China – Goldman Sachs yuan forecasts shift lower as economic slowdown worsens
