Tag: Stephen Jen
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China’s Yuan Poised for Rally Against the Dollar
China’s Yuan and the Dollar: A Potential Rally The dynamics of currency exchange rates can shift dramatically based on economic pressures, political stability, and fiscal policies. Recently, Stephen Jen, CEO of Eurizon SLJ Capital, suggested that China’s yuan could see a significant increase against the US dollar, potentially hitting lows around 6. This forecast has…
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China’s Yuan Predicted to Rally Against the Dollar
China’s Yuan: A Significant Strengthening Ahead According to Stephen Jen, the chief executive at Eurizon SLJ Capital, China’s yuan is on the brink of a substantial rally against the U.S. dollar. As 2023 progresses, the yuan has already appreciated approximately 2.4% against the dollar, showcasing an early sign of potential strength. Investors and analysts alike…