The question of how far and quickly the yuan will fall depends on Beijing’s resolve in countering Donald Trump’s tariffs with stimulus measures.
The Chinese yuan is set to depreciate further against a stronger U.S. dollar — but the question of how far and how fast the yuan will fall largely depend on Beijing's desire to limit volatility while ensuring economic growth doesn't stall, market watchers said.
The Chinese yuan is widely expected to depreciate against an ascendant U.S. dollar. A thornier question confronting market watchers: Just how far and fast the currency could slide?The stakes are huge.
Markets have pared expectations for the number of rate cuts by the U.S. Federal Reserves this year, pricing in only one quarter percentage cut in 2025, according The central bank on Monday kept benchmark loan prime rates unchanged as it strives to keep the currency stable. She expected the central bank to continue defending the currency with tighter capital control and liquidity guidance to financial institutions.
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