China expected to defend yuan if it weakens
China’s authorities, who’ve allowed the steepest yuan decline since the 2015 devaluation, are likely to step in and defend the currency should it fall further to a key level.Most of the 18 traders and analysts surveyed by Bloomberg say policy makers will act to slow the currency’s slide once it gets close to 6.7 per United States (US) dollar in China’s onshore market. That’s about one percent below current levels.