PIMCO: US dollar bullish trend will remain intact, additional scope for yuan to weaken

Outlook for the USD and the yuan from PIMCO in the Year of the Monkey!

Its not only an outlook, but a decent summary of where we are.

Beijing is trying to transition from an infrastructure- and export-led

model to one focused on domestic consumption and services

Note the prevalence of ‘long term’ in those points re the yuan and SDR. Depending on your timeframe (I know there are long term traders out there who’ll take note of this, but short-er-term traders will disregard …. the great thing is they’re both right! Different time frames for different folks).

sumber: