Chinese state-owned bank says yuan is likely to drop below 7 within three months

Author: Eamonn Sheridan | Category: Central Banks

State-owned Bank of Communications International 

  • yuan likely to drop below 7
  • within 3 months
  • stock markets in mainland China and Hong Kong are gradually pricing this
  • "weakened valuation of the yuan is decided by the recent tough trade environment China is facing"

This … "weakened valuation of the yuan is decided by the recent tough trade environment China is facing" makes sense. Politics is complicating it of course. 

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