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

16 August 2018 | 1 minute read

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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