, Columnist
June Could Be the Cruelest Month for China’s Yuan
If you thought May was tough, just look at what's coming.
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If May felt like a bruising month for the Chinese yuan, just wait for June. It promises to be a roller coaster.
The Chinese currency is down about 2.6% this month, the worst performer in Asia and heading for its biggest drop since July. This is despite stern words from Guo Shuqing, chairman of China’s banking regulator and party secretary of the People’s Bank of China, who warned last week that speculators “shorting the yuan will inevitably suffer from a huge loss.”