The Great Capital Outflow Pressuring China's Yuan
The offshore yuan traded near a record low as Chinese policy makers signaled they are willing to allow greater currency flexibility amid a slump in exports and an advance in the dollar. The Chinese currency has come under increased pressure on signs that investors are taking more money out of the country. Plurimi Wealth CIO Patrick Armstrong discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."
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