China is buying up renminbi offshore, foiling the burgeoning carry trade and driving the cost of borrowing to a record high, the FT reports.
Michael Sarpi, chief operating officer at Compass Markets, says the dollar/yuan cross could hit 7 by this year, as dollar strength continues.
Borrowing yuan to short the currency has got expensive, explains Xavier Denis, global strategist at Societe Generale Private Banking.
Markets are unsure how far the yuan will fall, and if it is being manipulated by the PBOC, explains Roger Bridges, global rates and currencies strategist at Nikko Asset Management.
Luke Spajic, EM portfolio manager at Pimco, emphasizes that investors need to consider two factors on China: the economy and market reforms.
David Schiegoleit, MD of investments at the U.S. Bank Wealth Management, says investors outside the U.S. should look at dollar-denominated assets that could benefit if the yuan falls.
William Ma, CIO at Noah Holdings HK, says it is natural for China's financial market reforms have knock-on impacts in many industries.
Investors should look for safe-haven assets over a time period, rather than on a minute-by-minute trading basis, says Han Ching Choong, investment manager and principal of Kriya Capital.
CNBC's Eunice Yoon reports that money changers in Beijing are seeing more people exchanging the renminbi for U.S. and Canadian dollars.
How much China intends to devalue the renminbi is unclear, but it appears to be following in the euro's footsteps, says Lucy Macdonald, CIO of global equities at Allianz Global Investors.
Chris Konstantinos, director of international portfolio management at Riverfront Investment Group, explains why he has zero exposure to emerging markets and China.
The low-yielding euro fell for a second session, as steadier global stock markets prompted investors to seek other currencies.
Goldman Sachs Chief Asia Equity Strategist Timothy Moe blames China's market decline on growth, liquidity and policy.
Demand for U.S. dollars in China is rapidly increasing. CNBC's Eunice Yoon explains.
The cost of borrowing offshore yuan in Hong Kong's interbank market spikes on Monday.
Michael Bell, global market strategist at JPMorgan Asset Management, discusses the Chinese economy and the recent market sell-off.
Moves in the yuan have already rocked global financial markets but what is the outlook for rest of the year?
Patrick Armstrong, CIO of Plurimi Investment Managers, discusses the Chinese economy and argues that the depreciation of the yuan is great for China's exports.
The cost of borrowing offshore yuan in Hong Kong's interbank market surged Monday as the amount of spare renminbi in the banking system declined.
Freya Beamish, economist at Lombard Street Research, discusses the Chinese yuan and China's economy.