The Trump administration has frequently warned China against using its exchange rate for competitive devaluation purposes. Photo: Reuters

China to keep yuan currency from sliding below 7 to the US dollar as part of trade war deal, analysts said

  • US dollar may be reaching its peak given the outlook of fewer US rate hikes and weaker US growth next year, easing depreciation pressure on the Chinese yuan
  • The People’s Bank of China has plenty of ammunition to keep yuan from depreciating, if necessary
Topic |   Yuan

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The Trump administration has frequently warned China against using its exchange rate for competitive devaluation purposes. Photo: Reuters
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