Expert Survey: Renminbi vs. Euro to Hold 7.8-8.0, Divergence on Yen for H2 Outlook

Deep News06-02 13:40

A recent survey of 16 foreign exchange professionals has yielded the following key insights for the second half of the year.

Among the 16 experts, 12 (75%) have precisely forecast the Renminbi to Euro exchange rate to center within a range of 7.8 to 8.0, representing the highest consensus among all predictions. This interval is expected to exhibit unusually low volatility and stability, serving as the most reliable reference anchor for hedging operations by companies with Euro exposure, with a low probability of breaking out.

In contrast, predictions for the Renminbi against the Japanese Yen show significant divergence. Eight experts foresee a range of 22-23, while seven predict 23-24. Although the central range can be broadly framed at 22-24, directional judgments are highly dispersed—opinions are split between bullish, bearish, and expecting sideways movement. This reflects a lack of consistent market expectations regarding the Yen's trajectory, indicating that related exposures require preparation for multiple scenarios.

(Note: Survey results are for reference only and should not be taken as investment advice.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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