Garcia-Herrero Warns about Bets on 7 for Renminbi
The Chinese yuan has been under pressure in recent weeks due to the double dip in recent economic data and more importantly, the escalating trade war with the U.S. Since then, the yuan has shown weakness against the U.S. dollar, breaking 6.9 to the USD, but also against major global currencies. Many believe that ...
https://iems.ust.hk/updates/media-coverage/2019/garcia-herrero-too-many-crowded-bets-on-7-for-yuan-dollar-rate-could-be-dangerous-latintrade