The Traderszone Network

Published in TZ Latest News 20 December, 2015 by The TZ Newswire Staff

After Record 10-Day Devaluation Streak China Fixes Yuan Stronger

Since The IMF ‘blessed’ the Yuan with the same ambivalence-to-currency-manipulation as the rest of the world’s competitive devaluers, China weakened the currency for 10 straight days (a record streak). But the streak is over as tonight PBOC has decided to strengthen the Yuan fix (although admittedly by a small amount) to 6.4753 (barely off the 4 year lows).

 

It appears a pattern is developing…

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