Why Debt in China May Impact Dollar Strength
The yuan fell for a third day against the dollar on concern authorities prefer a weaker currency to stability versus the greenback. The dollar’s slump this year has allowed the People’s Bank of China to weaken the yuan against a basket of currencies, while keeping it steady against its U.S. counterpart. This strategy is being undermined by the greenback’s biggest two-day jump since November, fueled by signals the Federal Reserve may raise interest rates next month. London & Capital Group Chief Investment Officer Pau Morilla-Giner discusses China and global growth with Bloomberg's Francine Lacqua on "The Pulse."