Albert Edwards Says Yuan Devaluation Was "Inevitable"Mark Melin
Chinese devaluation of the renminbi was expected in certain quarters – and it is just the start, says a leading bank analyst, as he eyes an endgame that points to continued weakness for commodities and Asian import costs.
As China makes a step towards reserve currency acceptance – and a growing choirs indicates that the move is being planned as part of easing into acceptance from the International Monetary Fund’s currency basket – along comes Societe Generale Cross Asset Research from perma-bear, Albert Edwards.
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