Market Views - How low could the renminbi go?

Down about 9% against the dollar since April but trading between Rmb6.80 and Rmb6.90 over the past two months, what next for the renminbi? We asked six experts for their views.

Andy Seaman, chief investment officer (London) Stratton Street

‘We think it’s unlikely that the renminbi will depreciate from here for a number of reasons. Firstly, the Chinese authorities have made it very clear they do not intend to weaken the exchange rate to offset the tariffs. From a fundamental perspective the currency is well supported with the relative current account positions strongly in China’s favour’.

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Source:https://www.asianinvestor.net/article/market-views-how-low-could-the-renminbi-go/447330