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DeepNewz, mobile.
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Pressure is increasing on the People's Bank of China (PBOC) to allow the yuan to weaken further, as traders anticipate a depreciation similar to 2015. Regional regulators in China are guiding companies to delay or cut bulk buying of foreign exchange to discourage capital outflows amid yuan weakness.
There is currency stress on the horizon https://t.co/ZOsOFxoCNA
🇨🇳 #China | Pressure mounts on #Beijing to allow renminbi to weaken - FT https://t.co/1oDlrpaXFK https://t.co/xddXL5fTYT
"A great number of traders are expecting a one-off depreciation of the yuan, similar to what occurred in 2015, due to the enormous downward pressure that has built up over the past few months." https://t.co/70djJ7bOuQ https://t.co/euwl6tdujH
