Global Markets Brace for Major Depreciation of Yuan Against Dollar

US$100 bills being counted next to stacks of 100 yuan (RMB) bank notes at a bank in Huaibei, China, on Sept. 24, 2013. STR/AFP via Getty Images

News Analysis

Global markets are bracing for a significant devaluation of the Chinese yuan, as its depreciation shows no signs of abating post-Lunar New Year. Investors are actively seeking cost-effective strategies to safeguard against the yuan’s declining value.