Yuan set for 3rd weekly loss in 4, but PBOC seen tempering pace of depreciation

China’s yuan fell for a seventh
straight session on Friday, and was on course for its third
weekly loss in four as the United States prepared to ratchet up
tariff pressure next month.
The yuan has weakened to fresh 11-1/2 year lows on fading
hopes of a U.S-China trade deal anytime soon, although the Trump
administration says face-to-face talks are still expected in
September.
The yuan has now depreciated aroun