Zero Hedge — Something Just Broke In The Chinese Yuan

Summary:
When is China going to follow Russia and float? We argue that policymakers in China are now going to be more accepting of USD/CNY appreciation through 7: years of regulatory measures should make outflows more manageable, easier monetary policy will add upside pressure and a weakening FX is the natural means of offsetting tariffs.... Zero HedgeSomething Just Broke In The Chinese YuanTyler Durden

Topics:
Mike Norman considers the following as important: CNY, renminbi, RMB, USD/CNY, yuan

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