The seven yuan to one US dollar mark has been considered “psychologically important” but word is spreading that China may now be willing to let its currency depreciate beyond that. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Yuan devaluation: why the signs point to a further drop in China’s currency, whether the US likes it or not

  • Neal Kimberley says debt risk and slowing growth are putting downward pressure on the yuan, and officials are hinting they won’t stand in the way of devaluation

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The seven yuan to one US dollar mark has been considered “psychologically important” but word is spreading that China may now be willing to let its currency depreciate beyond that. Photo: AP
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