This was out a little earlier today via the Bloomberg

A report (front page, no less) in the China Securities Journal, citing 'analysts' (maybe its Goldman Sachs? Goldman Sachs sees limited room for further yuan falls)

  • There is little risk of further sharp yuan depreciation against the US dollar
  • Externally, the US dollar rise against other currencies was the reason for the recent depreciation
  • Domestically it was due to the deviation of economic fundamentals and monetary policies between China and the US
  • The recent yuan adjustment won't cause instability