There is a headline crossing the wires that

  • China said to be open to a more flexible yuan, WSJ reports

–

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)