Goldman Sachs on the yuan – analysts said they had a "more cautious stance" in March
– But have now downgraded their view to ‘outright negative’
– In the note, the analysts caution that further weakening of the yuan against the USD could lead to tighter financial condition (including lower US stock prices) and then for the Fed raise rates at a slower pace
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Goldman Sachs shift to a negative view on Chinese Yuan (from ‘cautious’)
