🔺 Yuan Could Fall Past 7.20 to The Dollar: Cable FX Macro

• In recent years, we have seen two instances where the Chinese currency falls to the dollar by more than 10%. The first takes place in the 2014-2016 period, we see the second in 2018-2020

• Each period saw the yuan dropping by around 15%, if history were to repeat, then the currency still has room to slide further. This time, we could potentially target USD/CNH at 7.25 before we see some stabilization