Goldman Sachs: Expects the Renminbi to rise to 7 within a year.

Goldman Sachs predicts that the Renminbi exchange rate will rise to 7 yuan against the US dollar within 12 months. The Goldman Sachs report states that the current forecast is that the US dollar to Renminbi exchange rate will reach 7.2 within 3 months and rise to 7.1 within 6 months.