China Rate Cut Seen as `First of Many Steps'

China Rate Cut Seen as `First of Many Steps' Play

June 7 (Bloomberg) -- Geoffrey Yu, a currency analyst at UBS AG, talks about China's decision to lower interest rates for the first time since 2008 and its impact on his currency strategy. He speaks with Guy Johnson and Francine Lacqua on Bloomberg Television's "City Central." (Source: Bloomberg)

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