"Renminbi depreciation is no longer such an unlikely idea," writes Robert Cookson, noting even Tim Geithner is softening his robotic calls for the yuan to rise further. HSBC's Paul Mackel, formerly a big bull on the currency, speaks of a "new phase ... a future in which the currency is no longer structurally undervalued."
"Renminbi depreciation is no longer such an unlikely idea," writes Robert Cookson, noting even...
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