The Europeans are concerned that should China allow more appreciation in the yuan that we could see an acceleration of dollar weakness, and that could spill over into major markets, and we could see European currencies strengthening.
More Quotes from Sabrina Jacobs:
These latest comments are quite worrying, as it's the first indication that the central bank is thinking about cutting the rate. The suggestion that we're going to get lower rates is likely to lead to a weaker currency.Sabrina Jacobs
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