Albert Edwards Says Yuan Devaluation Was "Inevitable"

Chinese devaluation of the renminbi was expected in certain quarters – and it is just the start, says a leading bank analyst, as he eyes an endgame that points to continued weakness for commodities and Asian import costs.

As China makes a step towards reserve currency acceptance – and a growing choirs indicates that the move is being planned as part of easing into acceptance from the International Monetary Fund’s currency basket – along comes Societe Generale Cross Asset Research from perma-bear, Albert Edwards.

[dalio]

Albert Edwards: renminbi devaluation “inevitable,” and now "die has been cast”

The outspoken Edwards points to his previous call that renminbi devaluation was...