Currency strategists say its time to sell China’s Yuan, according to Bloomberg News.
The Yuan has been the best-performing emerging market currency this year, but growth is slowing in China and inflows are waning.
According to Bloomberg Barclays is just one investment bank recommending clients sell, and has advised investors to buy one-month call options on the dollar against the yuan, predicting the Chinese currency will weaken to 6.223 per dollar in overseas trading.
Deutsche Bank AG is another institution whose strategists recommend selling, according to Bloomberg.
Read more here.
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