PBOC senior advisor says yuan decline is driven by market expectations - ConsultFX

PBOC senior advisor says yuan decline is driven by market expectations

PBOC senior advisor Sheng Songcheng writes in an article on Sina.com Without any clues on how the central bank devises its yuan fixing mechanism, it's easy to argue in such a manner. But even so, you have to say a more than 3% decline in the yuan against the dollar in the span of two weeks