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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
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.