This week, the Chinese yuan declined to its lowest level in 9 months following the release of grim economic data that added to concerns about weakening growth. 

China's major state-owned banks were reportedly seen selling US dollars to snap up yuan in both onshore and offshore spot markets, with the measures aimed primarily at helping the currency recover.

The People’s Bank of China also set the fixing for the yuan at 7.2 per dollar on Thursday. 

So what is the near-term future outlook for the yuan, and how will a further fall impact other regional currencies?

Will Chinese assets become less attractive to overseas investors if this is the case?

On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist, UOB, to find out more. 

This week, the Chinese yuan declined to its lowest level in 9 months following the release of grim economic data that added to concerns about weakening growth. 
China's major state-owned banks were reportedly seen selling US dollars to snap up yuan in both onshore and offshore spot markets, with the measures aimed primarily at helping the currency recover.
The People’s Bank of China also set the fixing for the yuan at 7.2 per dollar on Thursday. 
So what is the near-term future outlook for the yuan, and how will a further fall impact other regional currencies?
Will Chinese assets become less attractive to overseas investors if this is the case?
On Money in the Market, Hongbin Jeong speaks to Peter Chia, Senior FX Strategist, UOB, to find out more.

Take a step back, refocus, and Reset with Lynlee.

Take a step back, refocus, and Reset with Lynlee.

Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world — from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what’s driving the headlines and where things are heading next.

Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.

Take a step back, refocus, and Reset with Lynlee.
Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world &mdash; from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what&rsquo;s driving the headlines and where things are heading next.
Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.