China's FX Quandary Deepens as Yuan Falls Against Dollar

Bloomberg Video

October 17 -- With the latest data showing Chinese outbound shipments sank 10 percent last month from a year earlier, the case for a weaker currency is growing. The quandary for policy makers is how to allow a quicker pace of depreciation against the dollar without sparking the size of capital outflows that occurred in January this year and August 2015. State Street Global Head Macro Strategy Michael Metcalfe discusses with Guy Johnson in London and Caroline Hyde in Berlin on "Bloomberg Markets: European Open."