The Traderszone Network

Published in TZ Latest News 30 September, 2015 by The TZ Newswire Staff

PIMCO sees a 7% devaluation in the yuan as Chinese economy slows

Further to Eamonn’s here’s a bit more detail now out from PIMCO via Bloomberg
earlier post
– yuan poised to weaken by 7%
– PBOC will cut deposit rates by 75bps
The report comes from portfolio managers Adam Bowe in Sydney, Isaac Meng in HK and Tadashi Kakuchi in Tokyo