Asian Currencies Follow China's Cue of Yuan Devaluation

Asian Currencies Follow China's Cue of Yuan Devaluation

The PBOC (People's Bank of China) surprised markets and devalued their currency by 2% against the US dollar on the back of some weak data that came out in the week ended August 7, 2015. This devaluation means that Chinese exports will become …

No tags for this post.
97
Like
Save

Comments

Comments are disabled for this post.