Yuan move probably appropriate if China slowing: Fed's Dudley

"Obviously if the Chinese economy is weaker than maybe what the Chinese authorities anticipated, it's probably not inappropriate for the currency to adjust in consequence to that weakness," said New York Fed President William Dudley. "It's very early days to judge what's happening in China in terms of the changes in their currency policy. Clearly what was happening is the Chinese yuan was appreciating along with the U.S. dollar," Dudley, a close ally of Fed Chair Janet Yellen, said after a speec