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Published Thu, Jul 9 20202:54 AM EDT

Eustance Huang@EustanceHuang

Key Points

• Don’t expect the Chinese yuan to become a “safe-haven” alternative to the likes of the dollar or U.S. Treasurys anytime soon, says Ebrahim Rahbari of Citi.
• Rahbari said the Chinese yuan “doesn’t qualify” in terms of attributes typically associated with safe-havens, such as providing “refuge” during “periods of crisis.”
• Commenting on the outlook for the yuan against the dollar, Rahbari said the Chinese currency will “stay below 7” against the greenback.

https://www.cnbc.com/2020/07/09/the-yuan-wont-be-a-safe-haven-alternative-to-the-dollar-anytime-soon-citi.html