The Yuan is down about 1.57% in three days and approaches the lows at the beginning of the year.

This will raise already high trade tensions between the US and China.

Yuan Daily Chart

Yuan 2016-06-27

Yuan Weekly Chart

Yuan 2016-06-27A

These moves do not at all look “orderly”.

The sinking Yuan (a US dollar buys more Yuan) stems from capital flight from China. Brexit did not help matters..

Mike “Mish” Shedlock