Yuan Will Depreciate Further In Second Half Of 2016, Says JPM Market Strategist

"We expect the yuan to depreciate mildly to 6.8 against the US dollar at the end of 2016, following a basket of currencies." ― Ben Luk, Global Market Strategist, J.P. Morgan Asset Management

In the offshore markets for the yuan, the expectation is spreading that the currency will depreciate until there is a turning point in the global business environment. But, how quickly the will the yuan fall against the dollar? Or, how much will it be allowed…