19.10.2016 - Yuan's swift fall fans currency tensions
The yuan is becoming a destabilizing factor in the foreign exchange market amid renewed speculation that China's authorities would tolerate a weaker currency to support the economy. The Chinese currency has been depreciating at a faster pace since the end of the National Day holiday period in early October, spurring speculation that it could even hit 7 to the dollar. The trend could throw the market into turmoil by triggering a devaluation war with other Asian currencies.......................................Full Article: Source
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