Goldman Says Yuan 20% Undervalued, Boosts Currency Forecasts

Posted by MarketsWire

The Chinese yuan is more than 20% undervalued against the US dollar, according to Goldman Sachs Group Inc., which expects the currency to keep strengthening over the coming year.

1 replies

tomspark wrote:

Goldman calling anything undervalued is funny given their track record, but yeah the yuan is probably due for a move. Question is whether the Chinese government actually lets it happen or keeps managing it down.