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Jun 13 - 01:24 PM
USD/CNH: 4 Possible Outcomes At The G20 & USD/CNH Price Action - Citi
First appeared on eFXplus on Jun 13 - 11:15 AM

Citi discusses 4 possible outcomes at the coming G20 meeting

"(1) Maximum bear scenario: President Xi does not show at the G20 and the US imposes more tariffs – USDCNH likely breaks 7.00 fairly quickly;

(2) Xi and Trump meet but talks do not go well and US threatens further tariffs - USDCNH likely breaks 7.00 but more gradually;

(3) Status quo scenario: Xi And Trump meet, agree to disagree, tariffs go up as planned but USDCNH likely tests 7.00 later in July;

(4) Max bull scenario: Xi and Trump meet, agree to re-start negotiations in coming weeks, risk bounces, USDCNH to 6.80-85," Citi notes. 

Source:
Citi Research/Market Commentary

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