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RMB Against US Dollar Will Depreciate To 7 At End Year Of 2016

Trump was elected successfully, the GOV leaded by him will unavoidably impact the RMB exchange rate this year. We think RMB against US dollar will depreciate to 7 at end year of 2016. Looking ahead next year, although the Federal Reserve is expected to increase interest rates, US economy can withstand the high interest rates and a strong dollar, it need tested for the future.


In addition, taking into account of the eight years after the crisis, structural reform in the United States slowly grow, such as the proportion of manufacturing GDP is declining, widened income distribution gap, the current US economic turn to the better in some extents, and monetary policy dependence.

So we think RMB against the US dollar will depreciate up to 7.3 at the end of next year.