China is considering softer currency

economictimes.indiatimes.com:

Foreign exchange markets moved on the news, with the yuan falling about 0.3% to 7.2803 per dollar and China-sensitive currencies such as the South Korean won and New Zealand dollar slipping.

The Australian dollar, which sometimes serves as a more actively traded proxy for the yuan, fell as much as 0.6% to a one-year low.

Here are comments from market analysts and participants:

JANE FOLEY, HEAD OF FX STRATEGY, RABOBANK, LONDON:

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