Will the Chinese Year of the Goat see a prolonged weakness in the yuan by the People's Bank of China? (PBOC) The yuan fell 3% against the U.S. dollar between October 2014 and mid-February 2015, and lost 4% during the first five months of 2014. Regardless of whether China tackles its slowing economy via further monetary easing or fiscal stimuli, we anticipate additional decline of 5%-7% in the currency, reaching toward 6.60 yuan per 1 U.S. dollar.
展开▼
