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What Chinese Devaluation Means for the Market

Discussion in 'Fundamental Analysis' started by Daily.Forex, Sep 2, 2015.

  1. Daily.Forex

    Daily.Forex Forum Member

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    China has just devalued its currency, the Yuan, by almost 4% in two successive surprising one-day moves. This included the Yuan’s biggest one-day drop in over twenty years. The Chinese government was able to achieve this as it maintains enough control to effectively peg the value of the currency within a band.

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