There is a headline crossing the wires that
- China said to be open to a more flexible yuan, WSJ reports
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Well, yeah … but you might be asking “Say’s who?”
Larry Hu, China economist at Macquarie Group
- “Yuan is facing downward pressure given the strength of the dollar
- “Meanwhile, China’s central bank is trying to let the market play a more important role in setting yuan’s value”
More at the article (not gated, so you can read the whole thing free)
