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Analysis-As yuan skids, markets bet more depreciation is in store

China's yuan is sliding and market participants suspect authorities are deliberately but slowly engineering a light depreciation of the currency, both to complement an easy monetary policy and to support exports. While the yuan has declined roughly 2% this year against the dollar, it has become relatively less competitive as Japan's yen and currencies of other neighbours South Korea, Thailand and Taiwan drop more sharply. The People's Bank of China (PBOC) also appears to have lo...
South Korea Rodrigo Catril Rohit Arora Tom Westbrook Kim Coghill Rong Ren Goh
Source: yahoo.com

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