PBOC Forced to Devalue Yuan. Forecast as of 13.11.2024

The previous trade war slowed China's GDP growth. This time, the country's economy is already fragile, and tariffs could weaken it even more. How to navigate this challenging environment? Let's discuss this topic and make a trading plan for the USDCNH pair.Major Takeaways China's GDP lost 0.65pp during the 2018–2019 trade war. The introduction of 60% tariffs on imports will put more pressure. Devaluation can save the yuan.  The USDCNH pair may soar to 7.35 and 7.45.Monthly Yuan Fundam