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Why China May Continue Depreciating Its Currency?

Posted on 13 June 2014

So you’ve heard it all. The 3% decline of the Chinese currency this year is just a small blip. The Chinese central bank engineered the depreciation just to scare off the currency speculators. China’s RMB will return to its upward climb soon enough.
Maybe not, says Carl Huttenlocher, chief investment officer of Hong Kong-based US$2.4 billion-under-management multi-strategy hedge fund Myriad Asset Management………………………………………..Full Article: Source


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