Richard Yetsenga, head of global markets research at ANZ, says the key focus for the Chinese yuan moving forward is how the central bank will allow the spot rate to move.
Callum Henderson, global head of FX research at Standard Chartered, discusses the implementation of a near 2 percent depreciation to the yuan by the People's Bank of China (PBOC) on Tuesday.
John Carey, EVP & portfolio manager at Pioneer Investments, says the sharp depreciation of the yuan will make Chinese exports more competitive and explains what Tuesday's move means for the Fed.
The dollar slipped from a nearly four-month high after comments stoked uncertainty over whether the Fed would hike rates in September.
The slump in EM currencies could persist well past the Fed's first rate rise, due to Chinese economic weakness and commodity prices that have yet to bottom out, analysts have warned.
China shares shook off weak economic data, surging nearly 5 percent after a report the mainland will finally begin to reform its state-owned enterprises.
The dollar dropped from a near four-month high against a currency basket on Friday, as investors pared back bullish bets following jobs data.
The dollar edged lower against major currencies in choppy trading on Thursday, as investors balanced their positions ahead of Friday's data.
The dollar traded little changed on Wednesday as data showed the U.S. services sector expanded at its fastest pace in 10 years.
A reading of China's services sector expanded at a quick pace, a positive signal that marked a sharp contrast to recent weak manufacturing data.
The dollar rose on Tuesday as a top Fed official voiced support for an interest rate increase in September despite a batch of disappointing data.
The dollar gained as investors looked ahead to jobs data on Friday that is expected to show a still strengthening labor market.
The dollar's appreciation has "peaked" and the U.S. economy is "doing nothing," an economist has told CNBC.
Steen Jakobsen, chief economist at Saxo Bank, says everyone east of Europe is likely to have interest in the Chinese renminbi.
Tommy Xie, economist at OCBC, says new orders remain weak due to lagging domestic demand, while falling input prices reflect persisting deflationary pressure.
Clive McDonnell, head of equity strategy at Standard Chartered, says below-par external demand is the key factor hurting China's manufacturing activity.
The downturn in China's manufacturing sector intensified in July, with the Caixin China PMI surprising with a drop to a two-year low.
The dollar fell against a basket of currencies on Friday, ending a decent month on a sour note.
The dollar rose to its highest level this week on Thursday after the U.S. Federal Reserve took another step towards raising interest rates.
China's property market slump could hit the banks according to ratings agency S&P, in the latest warning to the world's second largest economy.