Market Currents
The widening of the yuan's trading band - far from being a signal of Beijing's confidence in the...
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Thursday, April 19, 2012, 9:45 AM ETThe widening of the yuan's trading band - far from being a signal of Beijing's confidence in the economy - makes devaluation even more likely, says SocGen's Al Edwards. China's vaunted current account surplus is essentially no more and even the IMF is no longer calling the currency overvalued.
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