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A report from the Chinese Securities.....>

CHINA YUAN
CHINA YUAN: A report from the Chinese Securities Journal highlights that Citic
Securities' Ming Ming expects the CNY to come under further depreciation
pressure during Q3, with the USD set to benefit from a "sound U.S. economy"
- The article also notes that "people shouldn't feel "too surprised" if yuan
falls to 6.9 against the dollar this week," citing an unidentified market
participant."
- The piece concludes by noting that the Chinese currency lacks the foundation
for continuous depreciation in the medium-term.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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