The Catch-22 Facing China's Yuan

Bloomberg Video
The Catch-22 Facing China's Yuan
October 17 -- As the yuan plumbs new lows against the dollar, China’s currency is still strengthening against peers. That’s posing a dilemma for the nation’s policy makers as they seek to arrest a plunge in exports and shore up an economy growing at its slowest pace since 1990. China’s exchange rate climbed 0.6 percent against a trade-weighted basket last week, its biggest advance in three months, even as it slumped 0.8 percent versus the greenback to a six-year low. BNP Paribas Senior Investment Strategist Daniel Morris discusses with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."
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