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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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.