Traxis Sees Yuan Weakening as PBOC Credit Easing Policy Ebbs
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The yuan will start to weaken after Chinese policy makers boosted the official exchange rate to a record high, as measures to slow credit growth ease, said Amer Bisat, a money manager at hedge fund Traxis Partners LP.
“We are not far away from the point where they can take their foot off the brake,” said Bisat, a former International Monetary Fund economist who joined Traxis, the $1.2 billion hedge fund started by Barton Biggs, in 2007.