The yuan has risen more than 4% against the dollar in the last three months on expectations of a Biden win.
The U.S. investment bank expects President-elect Biden to take a "different approach to U.S.-China relations", which have soured under Donald Trump's presidency.
In a note received late on Sunday, Goldman analysts predicted the nominal trade-weighted dollar depreciating 6% over the coming year. They also see the euro strengthening to $1.25 and the Japanese yen approaching 100 during that period.
(Reporting by Thyagaraju Adinarayan; editing by Sujata Rao)