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More yuan volatility to come: Moltke-Leth
The Chinese yuan has been under pressure for the past few months and currency control has been a key theme for markets, says Christoffer Molthe-Leth, director of Global Sales Trading at Saxo Capital Markets.
China releases fresh currency reserves data shortly and the market is expecting another drop of $40 billion with fears reserves could fall below the key $3 trillion mark.
02:44 minutes
Tags: china, christoffer moltke-leth, forex, saxotrader, saxotradergo, tradingfloor.com, yuan
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