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Top management in Beijing shouldn’t be contemplating a yuan devaluation 'for now' – WSJ

Eyes are on the yuan for a potential devaluation as a way to retaliate against US tariffs. It’s a major risk that Deutsche Bank has highlighted, with 7.30 as a line in the sand.

WSJ China correspondent Lingling Wei writes:

Financial officials in Beijing may be positive on deval — which would free up some room for domestic easing. But the top Leaderships is not. For now.

That’s a bit of a coded message and a threat I suspect.

This article was written by Adam Button at www.forexlive.com.

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