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Saft Says: Yuan now China's problem too

Thursday, August 30, 2012 - 02:21

Aug 29 - Reuters columnist James Saft says the weakening yuan has become a problem for for China as it braces for a bumpy economic landing.

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Columnist genes that. Thorn in the side its trade partners for more than a decade. The -- now looks like it's turning into book China's currency. And -- on -- wrong. A lot about flat against the dollar in the past year and futures market is telling you -- -- and -- Next. This is huge contrast in recent years in which is like the war on -- steadily up. Where that being artificially suppressed by the Chinese central wanted to meet Chinese exports more. So why change. -- for one thing for opera -- and slowing market. This is probably being driven by a weak economy globally but it just means fewer dollars may be flowing into the Chinese New Year. On top of that psychology is really changed much Chinese consumers. And -- businesses. Which really would like to -- To their dollars now. Figuring that in Haiti -- a little bit more action. Is -- in downwards pressure on the wrong. And he's gonna cost huge headaches for the people's kitchen and trust -- maybe you Google. One thing its balance she is growing up only very slowly now and may actually can track -- -- -- factor would be tightened. -- well it isn't real conundrum it wants to cut rates in order immediately. If it cuts in many -- even less attractive to investors. Should include speed it up. Capital well. This is gonna make what's looking like a heartland in -- even more it will manage. It also may have. It won't impact on the treasury market. Where China is one of them being. There's also -- final possibility which is that as the long strengthens. Trade tensions go -- and everybody else. I mean yeah. It's going to be. A typical twelve months. Time.

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