China press says yuan faces short-term depreciation risk

So says the Securities Journal (via Bloomberg)

nothing further at this stage

… ADDED:

• Comments from a former SAFE official
• Says China faces capital outflow pressure

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I wonder who told them? :-D

Yuan has been dropping against the USD and its basket in the past month or so. I suspect there is more to come.

Its a little early for much CNH trading bt as an indication its around 6.8265 as I post