UBS have lowered their yuan forecast
– They see USD/yuan to 7 to 7.2 by end 2017
– See it not below 6.8 in 2016
– Say pressure for devaluation coming from slower exports , especially slowing to Europe due to the Brexit vote result
UBS have lowered their yuan forecast
– They see USD/yuan to 7 to 7.2 by end 2017
– See it not below 6.8 in 2016
– Say pressure for devaluation coming from slower exports , especially slowing to Europe due to the Brexit vote result