Why the Yuan Could Break 7 ... or 6 ... or 8

China's currency will probably weaken beyond 7 per U.S. dollar because economic conditions warrant it and the policy response encourages it.Despite the parlor game among some market participants about the desire or ability of the People's Bank of China to keep the yuan above that level, it lacks long-term perspective: China’s growth is slowing and the exchange rate ultimately will reflect that.This cooling expansion reflects trends underway long before President Donald Trump took office.