Bank of America Joins in on Yuan-Forecast Cuts Amid Trade War
A Chinese one-hundred yuan banknote sits on a pile of U.S. one-hundred dollar bills and Chinese one-hundred yuan banknotes in Hong Kong, China. (Photographer: Xaume Olleros/Bloomberg)

Bank of America Joins in on Yuan-Forecast Cuts Amid Trade War

(Bloomberg) -- Bank of America Merrill Lynch is the latest bank to downgrade its forecasts for China’s exchange rate, days after JPMorgan Chase & Co. similarly concluded that an escalating trade wa...
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