| After a two-month stretch of calm, worries over China are seeping back into the foreign-exchange market. Global markets were roiled by volatility early this year and in August 2015 as investors feared that China’s economy was slowing and its tightly-controlled currency faced devaluation.
Those concerns have died down over the last few months as the Chinese government used credit to fuel economic growth and capital controls helped stem the flow of money out of China. The Federal Reserve’s cautious approach to raising interest rates this year also eased pressure on the yuan by weakening the dollar and allowing the Chinese currency to edge higher in March and April...............................................Full Article: Source
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