APRIL 9, 2018 / 5:31 PM / UPDATED 3 HOURS AGO
China studying yuan depreciation as a tool in U.S. trade row: Bloomberg, citing sources
Reuters Staff
BEIJING (Reuters) - China is evaluating the potential impact of a gradual yuan depreciation as a tool in the escalating trade dispute with the United States, Bloomberg News reported on Monday, citing people familiar with the matter.
FILE PHOTO: U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration/File Photo
Senior Chinese officials are studying a two-pronged analysis of the yuan that was prepared by the government, the people said, but the analysis doesn’t mean officials will carry out a devaluation, which would require approval from top leaders, according to Bloomberg.
Reporting by Beijing Monitoring Desk; Editing by Kim Coghill
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