Jump to content

Sign in to follow this  
News Feeds

"Dear Janet"? - China Devalues Most Since August, Yuan Tumbles To Lowest Since Sept 2010

Recommended Posts

For the 10th day of the last 11, onshore yuan has weakened against the dollar. A 0.35% devaluation of the Yuan fix - the most since August - catching down to offshore Yuan's weakness, suggests (for now) PBOC policy is 'allowing' the drop and perhaps sending yet another 'turmoil-induing' message to The Fed as their hawkishness grows.

 

Since the start of Golden Week, yuan has plunged...

 

20161020_yuan1_0.jpg

 

 

 

Plunging Yuan back near pre-peg-break levels from Sept 2010...

 

20161020_yuan2_0.jpg

 

 

 

Sending a message?

 

20161020_yuan3_0.jpg

 

20161020_yuan1.jpg?1477018124

OyvwehHdQcY

 

Continue reading...

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×

Important Information

Your Privacy Is Important To Us Learn More: Privacy Policy