Asia Market Movers: Goldman Sachs sees gradual CNY appreciation, USD/CNY at 6.85 over 12 months

Tuesday, 25 Nov, 2025 Central Banks Goldman Sachs sees gradual CNY appreciation, USD/CNY at 6.85 over 12 months Goldman Sachs has rolled forward its USD/CNY forecasts but kept its underlying view unchanged: the Chinese currency should gradually strengthen over the coming year. The bank now projects USD/CNY at 6 Central Banks PBOC sets USD/ CNY central rate at 7.0826 (vs. estimate at 7.1056) The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate sy Learn more News Takaichi, Trump to discuss Xi call as tensions rise over Taiwan, FNN reports Japan's Prime Minister Sanae Takaichi is set to hold a phone call with U.S. President Donald Trump on Tuesday, according to FNN. The discussion is expected to focus on Trump's recent conversation with Central Banks BOK to hold at 2.50%, weak won, housing risks push rate cuts into early 2026: Reuters poll The Bank of Korea is expected to keep its policy rate unchanged at 2.50% on November 27, according to a Reuters poll in which 32 of 36 economists cited a weak currency and overheated housing market as Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1056 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as Central Banks Goldman Sachs warns slowdown risk could trigger deeper Fed easing I posted yesterday on Goldman Sachs expecting the Federal Reserve to begin cutting interest rates in December, with several more reductions through 2026 Goldman forecasts December Fed interest rate cu Cryptocurrency Deutsche Bank: Five forces drove Bitcoin's worst week since February Bitcoin is showing soume bounce now after it logged its weakest week since February, falling more than 30% from last month's peak as macro pressure, policy uncertainty and investor repositioning hit t Stock market update Morgan Stanley: Market correction nearly done, pullback is a buying opportunity into 2026 U.S. equities may face more near-term pressure, but Morgan Stanley strategist Michael Wilson says investors should treat the pullback as a buying opportunity heading into 2026. Wilson acknowledged tha Learn more Stocks "Google Further Encroaches on Nvidia's Turf With New AI Chip Push" The Information is a tech website, with the latest:: Google Further Encroaches on Nvidia's Turf With New AI Chip Push Gated. In a nutshell, Google is talking to Meta and other cloud customers about le

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