No yuan exchange rate number is more important than others
- Talks with Mnuchin at G20 will be difficult
- CNY to continue being stable around equilibrium level
- Trade war would have temporary deprecation effect
Updated:
Yuan has seen selling in these comments. when the central bank gov talks about depreciation that's not an unwise move!
The other thing of note is "No yuan exchange rate number is more important than others".
7 is thought to be a line in the sand. Maybe not.