China seen allowing further yuan declines as trade tensions ease
Signs of stabilising economy also adding to case for Chinese policymakers to allow bigger moves
Beijing
CHINA will probably let the yuan weaken further now that trade tensions with the US are receding and capital outflow pressures are easing, according to Natixis SA and DBS Group Holdings Ltd.
Last week's meeting between the nation's presidents has reduced the chances of the US labelling the Asian country a currency manipulator in the near term, said Alicia Garcia Herrero, chief Asia-Pacific economist at Natixis.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low
Hong Kong holds rate as Fed signals inflation concerns
Australian business strength is shocking even its biggest lender
South Korea’s factory activity shrinks in April, but optimism about outlook ticks up