JPMor­gan sees pres­sure on RMB

China Daily (USA) - - BUSINESS -

In­vest­ment bank JPMor­gan Chase & Co said it saw more pres­sure ahead for the yuan. Stronger sig­nals point­ing to­ward a US in­ter­est rate hike in De­cem­ber had put more down­ward pres­sure on the yuan, a trend that would per­sist in the fourth quar­ter, said Jing Ul­rich, man­ag­ing di­rec­tor and vice-chair of Asia-Pa­cific at JPMor­gan, on Mon­day.

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