Investing.com - UBS has issued a new forecast for the USD/CNY exchange rate, projecting the Chinese yuan will strengthen approximately 3% against the U.S. dollar over the next 12 months.

Summary RMB exhibited a strong performance by gaining 3.35% against the US dollar since mid-December. Central banks will attempt to slow down USD/RMB briefly given the stronger Chinese currency ...

The USD/RMB exchange rate traded in a range of 6.3 to 6.4 for most of May, 1 and we believe its performance will continue to be driven by the movement of the US dollar and, to a lesser extent, by ...

China's renminbi rate setting changes continue to hinder needed reforms and mar China's exchange rate markets, writes Yu Yongding.

US Dollar Chinese Yuan YTD In March this year I wrote an article noting that the rapid decline of China's forex reserves was inconsistent with its aspiration for a stable exchange rate.

Judging from the RMB movement this year, although the exchange rate against the US dollar basically remained stable and appreciated slightly, domestic residents were much more willing to hold US ...