CHENGDU, China, July 23- China has demonstrated commitment to moving toward a market-driven exchange rate, said a senior U.S. That's an important step, "he said, noting that China in recent months had intervened in currency markets to keep the yuan from falling. He also said he saw a path for China to manage a soft landing for its economy. » Read More
David Rees, senior markets economist at Capital Economics, says the U.S. Federal Reserve won't change its rate hike path based on the yuan devaluation.
Joachim Fels, PIMCO managing director, shares his expectations for the Chinese yuan, and the timing of the Fed rate hike. "I think once the Fed starts raising rates, it will be a gradual move," he says.
Insight to the government's hand in China, with Gary Parr, Lazard Vice Chairman. Lazard says regulatory authorities in China take a long-term view.
Discussing the health of the Chinese economy, with George Pearkes, Bespoke Investment Group analyst.
Eugenio J. Alemán, director & senior economist at Wells Fargo Securities, talks about the yuan devaluation and how it impacts the U.S.
Mario Ortelli, luxury analyst at Sanford C. Bernstein, discusses how luxury brands are impacted by China's yuan devaluation.
John Zhu, greater China economist at HSBC, says with the Yuan more "market-driven" it gives the PBoC more policy flexibility to use monetary policy to tackle domestic demand.
Antonin Jullier, global head of equity trading strategy at Citi, talks about which mining stocks are attractive to investors and how commodities may be impacted by China's yuan devaluation.
Guido Kerkhoff, CFO of Thyssenkrupp, discusses how China's decision to devalue its currency may affect steelmakers and industrialists.
Andre De Silva, head of global EM rates research at HSBC, explains why he doesn't expect the Chinese yuan to remain on course for a sharp depreciation.
Chinese stocks turned negative on Thursday, as the central bank's comments fueled confusion yet again, says Stephen Davies, CEO at Javelin Wealth Management.
News that the People's Bank of China propped up the yuan late Wednesday indicate that the central bank wants to bring stability back into the market, says Mitul Kotecha, head of Asia FX and rates strategy at Barclays.
Edward Dempsey, chief investment officer at Pension Partners, says he is positioned defensively in Treasurys and the U.S. utility sector amid the market volatility.
Xavier Jean, director of APAC corporate ratings at Standard & Poor's Ratings Services, explains whether the devaluation of the yuan could impact corporate debt in Southeast Asia.
Lena Teoh, Asia Pacific head of asset allocation at Credit Suisse Private Banking & Wealth Management, says the depreciation of the yuan is fueling negative sentiment in Asian currencies.
Wendy Huang, head of Asian Internet & Media at Macquarie, discusses Alibaba's disappointing quarterly revenue and explains whether the $4 billion share buyback signals lackluster growth ahead.
Jeffrey Williamson, director of California State Trade and Exports, says the devaluation of the yuan will likely have little impact on Californian exports, which are already reeling from a weaker euro.
Richard Iley, chief economist of emerging markets at BNP Paribas, says the People's Bank of China (PBOC) has a strategy of "generalized devaluation" to weaken the yuan by at least 5 percent.
Quincy Krosby, market strategist at Prudential Financial, says the rebound on Wall Street overnight suggests short covering, especially in the energy sector.
Charles Li, CEO of Hong Kong Exchanges and Clearing (HKEx), says the move to devalue the yuan is part of China's plan to seek inclusion into IMF's Special Drawing Rights (SDR) currency basket.