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Little risk of further sharp yuan depreciation - China Securities Journal

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - China Securities Journal reports that there is little risk of further sharp yuan depreciation against the US Dollar, Bloomberg noted earlier today.

    China Securities Journal adds, via Bloomberg, that "externally, the US dollar rise against other currencies was the reason for the recent depreciation", and that "domestically it was due to the deviation of economic fundamentals and monetary policies between China and the US
    The recent yuan adjustment won't cause instability."
    For more information, read our latest forex news.
     

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