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.Bloomberg Markets and Finance YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.