PBOC rate setting for yuan coming soon - CNY forecast while we wait

Via a late (last) week note via BNZ on the yuan and their forecasts, in very brief:

• we now see the path eased towards 7.40 by year-end
• new USD/CNY forecasts … to hit 7.40 late-2019, early-2020

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Earlier yuan-related posted today:

• Goldman Sachs - fears of US/China trade war leading to a recession are increasing
• PBOC weekend comments - yuan volatility is due to trade war
• PBOC central rate for onshore yuan coming soon, estimate 7.0331
• Goldman Sachs - PBOC Q2 monetary policy report opens door to lower yuan