HSBC say that CNY could face more headwinds from
And that People's Bank of China efforts to prop up the yuan are half-hearted:
• The PBoC may continue to smooth volatility, but we do not expect it to draw a firm line in the sand when the tide keeps coming in.
Also on the PBOC, the path is clear for rate cuts next Monday:
• The PBoC unexpectedly lowered the rate on its…