China Warns Yuan Speculators They Will Lose Money in Long Term

China warns yuan speculators they will lose money in long term

Bloomberg Markets and Finance published this video item, entitled “China Warns Yuan Speculators They Will Lose Money in Long Term” – below is their description.

China’s central bank said “do not bet on one-way appreciation or depreciation of the yuan, as losses will definitely be incurred in the long term” in a statement released Wednesday. The onshore yuan has fallen more than 4% against the dollar this month and is on track for the worst annual loss since 1994. Enda Curran reports on Bloomberg Television.

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