China Currency Devaluation "Technical Move" – ValueWalk Premium
China

China Currency Devaluation "Technical Move"

As U.S. stocks reverse yesterday’s upward path, turning negative today by more than 1 percent during the afternoon and taking the Dow Jones Industrial Average negative on the year, China’s devaluation of its currency is overblown, according to institutional investor reports.

China’s move last night to devalue the renminbi, viewed as an additional measure to prop up its economy by making its exports cheaper, is viewed very differently by Capital Economics.

 

SORRY!

This content is exclusively for paying members.

If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.


X
Saved Articles
X
TextTExtLInkTextTExtLInk

0