A piece in the China Securities Journal (via Bloomberg) says yuan may fluctuate at a low level in the short term
Key take away for me is the 'low level' bit
ifyouknowhatimean (its a down trend, right?)
No further details at this stage … OK, here we go now:
- yuan to face depreciation pressure in Q3
- USD likely to strengthen more (strong US economy)
- don't be surprised to see 6.9 this week
- in mid-term yuan lacks fundamentals for continuous depreciation
