The yuan has depreciated 4 per cent since a nationwide week-long holiday to mark the founding of modern China on October 1. Photo: Imaginechina

Don’t expect a U-turn in the yuan’s downtrend, but pace of depreciation likely to soften, traders say

The yuan, now trading at an eight-year low, is expected to continue trending lower

Topic |   Yuan

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The yuan has depreciated 4 per cent since a nationwide week-long holiday to mark the founding of modern China on October 1. Photo: Imaginechina
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