Goldman Sachs: A bigger drop in the yuan not ruled out in 2017

More headlines coming in from the analysts at Goldman Sachs on the Yuan, after reporting yesterday that it is “too early to turn constructive” on the yuan.

Key Points:

7.3 For USD/CNY by the end of 2017

Although a bigger drop in the yuan is possible

That could happen if China more quickly devalues as a response to the Trump, or see quicker capital outflow, or if financial conditions tighten too fast