Whither The Yuan

Whither The Yuan

A little over three months ago, I warned investors not to forget about the Chinese yuan. The period of subdued dollar strength that followed the Shanghai Accord in February and the Fed's decision to keep rates on hold at its March meeting allowed Beijing to go ahead with its unstated policy of weakening the trade-weighted yuan while gently (and that's key) guiding the CNY lower against the dollar. After all, if you've got a quasi peg as China does, and if your economy is export-driven, just
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