Goldman Says Tariffs Key Metric for Yuan in U.S.-China Rift
- Related news seen moving the currency more than anything else
- Yuan volatility has fallen to the lowest level in three months
Photographer: Nicolas Asfouri/AFP via Getty Images
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For investors wondering what it will take to shake the yuan out of its recent slumber, Goldman Sachs Group Inc. has an answer: focus on tariffs.
Events related to tariffs in the China-U.S. trade dispute have a bigger influence on the currency than other issues, such as restrictions on the technology industry or those linked to Hong Kong or Taiwan, Goldman economists led by Hui Shan wrote in a note dated May 8.