Unlikely USD-CNY Will Breach 7, Says ANZ’s Goh

The video discusses the market's anticipation of potential Federal Reserve rate cuts, possibly as early as July, depending on upcoming US economic data. It also covers the revised forecasts for Asian currencies, influenced by ongoing US-China trade tensions and the broader geopolitical landscape. The discussion highlights the importance of exports for Asian economies and the potential risks to growth. Additionally, the video examines the yuan's value, emphasizing China's reluctance to let it weaken past the psychological seven level due to potential economic repercussions, including capital outflows and impacts on companies with foreign debt.

What potential risks do Chinese companies face if the yuan weakens too much?

What long-term goal does China have regarding the yuan, and how could excessive weakening impact this goal?