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The IIF's chief economist, Robin.........>

CHINA YUAN
CHINA YUAN: The IIF's chief economist, Robin Brooks, has noted that "between
Jun. and Oct. 2018, RMB fell 6% vs the Dollar, a move that in our analysis
almost perfectly offset the initial 2 rounds of U.S. tariffs. If the U.S. raises
the tariff on the $200 bn to 25%, that implies another 6% depreciation of RMB
(from its Oct. level of 6.90 for $/CNY)."
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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