# UBS gives 3 reasons for why the Chinese yuan is 'attractive' right now

> UBS Global Wealth Management said the stars are lining up for further yuan gains in the short term, citing China's faster economic recovery from the coronavirus pandemic. The onshore yuan was around 6.6891 per dollar, nearly 4% stronger year to date.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/50852-ubs-gives-3-reasons-for-why-the-chinese-yuan-is-attractive-right-now
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Analyst views on yuan strength reflect expectations for Chinese import demand, but they are commentary without a new policy or trade cause.

## Read by commodity

- USDCNY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2020/10/30/ubs-gives-3-reasons-for-why-the-chinese-yuan-is-attractive-right-now.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.