USD/CNH to move towards 7.45 by year-end – Societe Generale
Source Fxstreet
Third Plenum meeting is going to happen next week. The discussion around reviving the property market and consumer sentiment will be its main topic, Societe Generale FX strategists note.
Retreat from 7.30 for USD/CNH may be short-lived
“Soft inflation data in China overnight reinforces our view that consumer sentiment in the mainland economy remains weak.”
“The discussion around reviving the property market and consumer sentiment will be the main topic at the Third Plenum meeting next week.”
“The consequences of subdued economic growth means the retreat from 7.30 for USD/CNH may be short-lived. Our EM colleagues pencil appreciation of the pair towards 7.45 by year-end.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After Upheaval in the World’s Largest Oil Reserve Holder, Who Will Emerge as the Biggest Winner in Venezuela’s Oil Market?US President Donald Trump announced late Tuesday that the interim Venezuelan authorities would deliver 30 million to 50 million barrels of crude oil to the United States.Trump posted on s
US President Donald Trump announced late Tuesday that the interim Venezuelan authorities would deliver 30 million to 50 million barrels of crude oil to the United States.Trump posted on s
Bitcoin encounters resistance near $95,000, threatening its upward momentum despite weekly support at $93,500 holding strong.
Solana’s 2025 Review Flags Fresh Records Across Revenue, Wallet Activity and DEX VolumeSolana’s 2025 annual review reports fresh all-time highs across app revenue, wallet activity and trading—highlighting $2.39 billion in app revenue, $1.5 trillion in DEX volume and $1.02 billion in ETF net inflows as SOL trades at $138.50, still 50% below its $293 peak.
Solana’s 2025 annual review reports fresh all-time highs across app revenue, wallet activity and trading—highlighting $2.39 billion in app revenue, $1.5 trillion in DEX volume and $1.02 billion in ETF net inflows as SOL trades at $138.50, still 50% below its $293 peak.
Silver (XAG/USD) continues to rise parabolically, up more than 5%, trading above the $80.00 threshold a troy ounce, despite rising US Treasury yields and a strong US Dollar.
Silver (XAG/USD) builds on the previous day's positive move and gains strong follow-through traction for the second straight day on Tuesday.
