Commodity Trade Mantra

Posts Tagged ‘Weaker Yuan’

Is China Quietly Targeting A 20% Yuan Devaluation?

Some Chinese agencies involved in economic affairs are assuming a much weaker yuan both over the near- and medium-term. Those projections, which suggest a depreciation of over 8% by Dec. 31 & about 20% by end of 2016, were adopted after the currency was devalued this month & compare with analysts’ forecasts for the yuan to reach 6.5 to the dollar by the end of this year.

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