Goldman Sachs: New RMB basket would have shown somewhat less depreciation

Analysts at Goldman Sachs came out with a latest report on Wednesday, expressing their take on China’s new expanded yuan basket.

Key Headlines via Bloomberg:

Appears to have mitigated the market's concern about a sharp one-off devaluation risk

New basket would have shown somewhat less depreciation, falling 2.4 percent in 2016 vs. 3.7 percent actual performance

And it would also have shown less volatility