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UBS Global Wealth Management: Should investors worry about the tumbling yuan?

UBS Global Wealth Management revised its yuan forecast downwards amid headwinds for the currency and explored its overall impact. The bank revised its three-, six- and 12-month USDCNY forecast to 7 but notes that while the yuan appears vulnerable, the risk is not yet global. According to the bank, the current weakness does not signal a crisis of capital due…

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