<div id="readability-page-1"><div><p>Several brokers raised their forecasts for RMB, propelled by China's export competitiveness and the maintenance of stable trade relations with the US. RMB exchange rate continued to appreciate steadily since the beginning of this year. As of Tuesday (19th), CNH cumulatively climbed about 2.6% against USD to 6.7973.</p><p>HSBC HOLDINGS (00005.HK)<span> </span><span> +0.900 (+0.652%)  </span> <span> Short selling $468.01M; Ratio 26.730%  </span>  was bullish that RMB will continue to appreciate moderately and raised its year-end forecast to 6.65 per USD from the previous 6.75. The bank cited China's strong export competitiveness, along with RMB internationalization and economic rebalancing, as key domestic structural themes supporting RMB.</p><p>Deutsche Bank also lifted its year-end forecast for RMB to 6.55 per USD from the previous 6.7, noting that China's enormous growth in upstream product imports is likely to be followed by a further rebound in export orders and a recovery in domestic demand.</p><p>Goldman Sachs viewed that, supported by China's unprecedented trade surplus and strong export competitiveness, RMB has room for further and more sustained appreciation. It forecast USD/CNY to reach 6.8, 6.7 and 6.5 in three, six and twelve months, respectively, compared with its previous forecasts of 6.85, 6.8 and 6.7 per USD.<br/>(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-18 16:25.)</p></div></div>

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<p>Several brokers have raised their RMB forecasts, citing China's export competitiveness and stable US trade relations. HSBC increased its year-end forecast to 6.65 per USD, while Deutsche Bank raised theirs to 6.55. Goldman Sachs predicts USD/CNY will reach 6.5 within 12 months, up from previous estimates, supported by China's trade surplus and strong exports.</p>

- Several brokers have raised their forecasts for the RMB due to China's export competitiveness and stable trade relations with the US.  
- As of May 19, the RMB appreciated approximately 2.6% against the USD, prompting HSBC and Deutsche Bank to increase their year-end predictions to 6.65 and 6.55 per USD, respectively, citing strong exports and domestic demand recovery.  
- Goldman Sachs also anticipates continued appreciation, adjusting its forecasts for USD/CNY to 6.8, 6.7, and 6.5 over the next twelve months, supported by China's significant trade surplus.

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Brokers Raise RMB Forecasts; G Sachs Expects USD/CNY at 6.5 within 12 Mths