City Index: yuan to hit seven within a month

China’s yuan has not seen such levels for more than a decade, but trade war with US induces flirtation

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Domestic headwinds: the yuan has not breached seven for more than a decade
FX Week montage

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China’s currency could weaken to seven yuan against the dollar within the next month, amid renewed greenback strength brought on by the Federal Reserve’s cautious approach to cutting interest rates, says Kelvin Wong, chief technical strategist for Asia at City Index, which topped last week’s currency forecast rankings table.

The Fed cut rates by 25 basis points on July 31, calling it “insurance” as it attempts to

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