The Traderszone Network

Published in TZ Latest News 23 March, 2016 by The TZ Newswire Staff

PIMCO sees 7% yuan depreciation this year & 1 or 2 Fed rate hikes

Pacific Investment Management Co. updated its outlook overnight
(This is an ICYMI post)
– Downgraded its outlook for global growth in 2016: to expand 2% to 2.5% for 2016 (were forecasting 2.6%)
On the yuan: