| Whenever a major global economy reverses policy, global markets pay attention. That's exactly what's happening in response to the sharp, quick decline in China's currency.
The Chinese yuan has fallen more than 1% against the U.S. dollar in the past week, after appreciating almost 40% in the past few years. Citing "people familiar with the central bank's thinking," The Wall Street Journal reports "China's central bank engineered" the drop in order to reduce speculation in the currency...............................................Full Article: Source
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