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

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"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…