FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Last month on 25th, in an article named, “FxWirePro: Yuan outlook changed from downside to upside for H2” available at http://www.econotimes.com/FxWirePro-Yuan-outlook-changed-from-downside-to-upside-for-H2-723970 we changed our Yuan outlook from bearish to bullish. Here is the part of the explanation or reasons behind our forecast from that article,
“in reality, the fate of the many promises of President Trump remains clouded with uncertainties as the White House remains dogged by accusations of collusion with Russia in 2016 election. It is also getting bombarded by damaging leaks and fake news that has engulfed not only White House but Capitol Hill too. In addition to that, President Trump has taken a softer stance towards China in exchange for China’s help to tackle threats of North Korea.
Moreover, after months of hawkish rhetoric from policymakers at the US Federal Reserve, recent commentaries from James Bullard, Robert Kaplan, and many others suggest that it is once again tilting in reverse.”
We recommended selling the USD/CNH at the then current rate of 6.87. The target got reached earlier and faster than we anticipated and in a subsequent article, we extended that upside target to 6.69 per dollar. We believe the correction in the Yuan, which weakened to as low as 6.859 per dollar and now trading at 6.81 per dollar would strengthen once more to reach 6.71 per dollar.
