Goldman: Markets Are Blind to the Yuan's Next Big Move
📡 Bloomberg Markets · 1 min read ·
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Goldman Sachs says the market is underestimating how much China's currency, the yuan, can rise.
Kamakshya Trivedi, an executive at the bank, said a stronger yuan is one of the most underpriced scenarios in the global foreign exchange market. This market handles $9.5 trillion in trades every day.
In simple terms, "underpriced" means most traders are not betting on this outcome, so the potential for a surprise is high.