Business · Markets · 2 hrs ago
Goldman Says Markets Underestimate Potential for Yuan to Rise
Goldman Sachs strategist Kamakshya Trivedi says the yuan could rise more than markets expect.
The yuan is among the currencies traded in the global foreign exchange market.
That market handles $9.5 trillion in trading each day.
Trivedi says the possibility of a stronger yuan is one of the market’s most underpriced scenarios.
In other words, he believes market expectations do not fully account for how far the currency could rise.
The view matters because a larger-than-expected move could surprise currency market participants.
No specific forecast or next step is given.
Goldman Sachs Group Inc.’s Kamakshya Trivedi says markets are underestimating how far the yuan can rise.
A stronger yuan is among the most underpriced scenarios in the foreign exchange market.
The global foreign exchange market is valued at $9.5 trillion a day.
- Who
- Kamakshya Trivedi of Goldman Sachs Group Inc.
- What
- He says markets are underestimating the potential for the yuan to rise.
- When
- The article was published on October 12, 2026.
- Where
- The global foreign exchange market.
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Source
- Bloomberg
- Published
- October 12, 2026
- Speaker
- Kamakshya Trivedi
- Market size
- $9.5 trillion a day
Sources
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