Matthews Asia Perspective: China Currency Devaluation UpdateGuest Post
Matthews Asia Perspective: China Currency Devaluation Update by Matthews Asia
What are the factors that prompted Chinese authorities to recently devalue the renminbi? Matthews Asia Portfolio Manager Teresa Kong, CFA, examines the lead up and implications of this development.
Q: What happened this week with China’s currency?
A: Since 2005, China’s currency, the renminbi, has had a de facto soft peg to the U.S. dollar (USD). While . . .
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