Economy / China
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Could Yuan Depreciation Really Be On the Cards?
August 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Having recorded its biggest weekly decline since the end of its dollar peg in July 2005 in the week ending August 1, the Chinese yuan fell further on August 4 to close below near-term support around CNY6.850/US$, potentially ushering in a brief period of weakness for the unit.