Ex- Franklin Templeton star fund manager Mobius: Yuan could weaken past 7 vs. USD

Dhwani Mehta FXStreet

In an interview with Bloomberg TV, Mark Mobius, the former Franklin Templeton star fund manager and the veteran emerging-markets investor, warned about the potential downside risks to the Chinese Yuan and stock markets.

Key Headlines:

Yuan could weaken past 7 per dollar.

Chinese stocks could see more weakness.

As the Yuan weakens, the Trump administration could accuse China of deliberately weakening the currency to combat trade tariffs.

Democrats winning the House will be bad for US markets.

Emerging market stocks near the bottom.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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