Little risk of further sharp yuan depreciation - China Securities Journal

FXStreet (Bali) - China Securities Journal reports that there is little risk of further sharp yuan depreciation against the US Dollar, Bloomberg noted earlier today.

China Securities Journal adds, via Bloomberg, that "externally, the US dollar rise against other currencies was the reason for the recent depreciation", and that "domestically it was due to the deviation of economic fundamentals and monetary policies between China and the US
The recent yuan adjustment won't cause instability."