The yuan will likely depreciate further as China takes a step back from currency intervention and as the Fed prepares to raise rates in September, says Khoon Goh, senior FX strategist at ANZ.
Tai Hui, chief Asia market strategist at JP Morgan, says China is allowing markets to have a "little bit more say" in how the yuan was valued.
Ed Ponsi, managing director of Barchetta Capital Management, says the depreciation of the yuan is a "big plus" for an export-driven economy like China.
Recent changes to how China manages the yuan could bring the country "quite close to a float" in its exchange rate, a top IMF official said Friday.
The dollar rose against a basket of currencies on Friday as U.S. producer prices in July hinted some pickup in inflation.
The weakening of the yuan will help boost Chinese profits from overseas ventures as those earnings are brought back to China.
Insight to the timing of China's decision to devalue the yuan, and the market response. David Rosenberg, Gluskin Sheff chief strategist.
For many in the ranks of China's wealthy, the shock devaluation in the yuan is a cause of regret - that they hadn't moved more money offshore sooner.
Callum Henderson, global head of FX research at Standard Chartered, talks about the drop of the Malaysian ringgit and the depreciation of China's yuan.
Rick Sharga, executive vice president at Auction.com, says the devaluation of the yuan likely sparked a flight-to-safety, which underpinned an increase in the demand for U.S. properties.
Ray Attrill, co-head of FX strategy at National Australia Bank, says Friday's yuan fixing suggests that the People's Bank of China isn't trying to engineer a sharp devaluation of the currency.
Puru Saxena, CEO of Puru Saxena Wealth Management, expects the People's Bank of China to continue weakening its currency amid a persistent slowdown in the economy.
Michael Beer, VP, Asia Pacific transportation research at Citi Investment Research and Analysis, outlines Cathay Pacific's strengths as competition intensifies on the trans-Pacific routes.
Global markets may have convulsed since China pushed its currency lower but the step is "completely meaningless," says perma-bear Marc Faber.
Bhaskar Laxminarayan, chief investment officer for Asia at Pictet Wealth Management, expects China's economic growth to slow to almost 3-4 percent by the end of the decade.
Paul Mackel, head of emerging markets FX strategy at HSBC, says the sharp depreciation in the yuan may result in a transfer of volatility into other Asian currencies.
Keith Fitz-Gerald, chief investment strategist at MoneyMorning.com, says the devaluation of the Chinese yuan has "dramatically complicated things for the Fed."
Marc Faber, editor and publisher of the Gloom, Doom & Boom Report, explains why China's move to push its currency lower this week is “completely meaningless.”
Dennis Yao, property & healthcare sector analyst at GF Securities Hong Kong Brokerage, says the devaluation of the yuan will likely be "a short-term and one-off issue" for Chinese property developers.
Mikio Kumada, executive director & global strategist at LGT Capital Partners, says the devaluation of the yuan is part of China's adjustment to a slow-growth environment, which doesn't bode well for stocks.