Bank of America Joins Goldman to Boost Yuan Outlook on Exports

Bank of America Corp. boosted its forecast for the yuan, joining other Wall Street banks in raising their estimates on bets that China’s central bank will tolerate further gains in...

By Tian Chen, Iris Ouyang · Bloomberg Markets

Bank of America Corp. boosted its forecast for the yuan, joining other Wall Street banks in raising their estimates on bets that China’s central bank will tolerate further gains in the currency.