The signals from the PBOC over the weekend are that there is no reason to expect a massive devaluation of the yuan. That is helping sentiment. Also some of the sentiment has been carried over from New York on Friday. Thomas Harr More Quotes by Thomas Harr More Quotes From Thomas Harr The impact is spreading, if China depreciates faster, that will spread, and markets also feel the Chinese government is getting more worried about the economy. Thomas Harr company-news The market is taking it as a sign that China will allow more depreciation pressure on the currency, and that's setting the tone across emerging markets. Thomas Harr company-news This is the price action we should expect, the Fed move was in line with expectations, which removed some uncertainty. But now we are back focusing on other things in emerging markets like the collapse in oil prices and the negative stories in places like Brazil and South Africa. Thomas Harr company-news Over the next one to two months we should see modest pressure on emerging market currencies led by China. Thomas Harr company-news
