China's Yuan to Weaken Past 7 Per Dollar This Year, Mizuho's Cheung Says

The transcript discusses the impact of China-US rate differentials on the yuan, highlighting the yuan's weakness due to trade tensions and differences in monetary policy between the PBOC and the Fed. It examines the dollar's appreciation and its potential effects on emerging markets. The renminbi's response to trade war uncertainties is analyzed, with a focus on the PBOC's potential interventions to stabilize the currency. The discussion also touches on capital outflows from China and the broader implications of trade tensions.

What are the potential consequences if the renminbi breaks the 7 level?

What are the expectations for capital outflows from China in light of trade tensions?

How does the current situation of the renminbi compare to the pound after the Brexit referendum?