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Understanding devaluation and how it can affect you are not only important for tourists traveling overseas; investors whose securities have exposure to more than one currency need to understand ...
What was expected to be a one-time devaluation of the Chinese yuan on Tuesday proved to be more than that when China devalued its currency further on Wednesday. The moves have caught markets by ...
China devalued its currency by 1.9% on August 11 and made some smaller changes since then. The country also announced adjustments to how it would calculate its onshore reference rate moving forward.
China has allowed its tightly controlled yuan to drop in value to a four-year low. Here's what you need to know about the country's currency devaluation and where it might be headed.
Currency devaluation is likely to be more of an active consideration across emerging markets, particularly in Asia, said Nick Rees, head of macro research at Monex Europe.
"Trump devaluation claims raise fears of global currency war," blared the London Financial Times. "Trump's currency war against Germany could destroy the EU," said Foreign Policy.
Why did China devalue its currency for the second day in a row? The devaluation reflects continued weakness in the Chinese economy. As a result of the huge run-up in the debt/GDP ratio after 2008, ...
CARACAS, Venezuela - Venezuela's government announced Friday that it is devaluing the country's currency, a long-anticipated change expected to push up prices in the heavily import-reliant economy.
WASHINGTON (Reuters) - U.S. President Donald Trump accused Russia and China on Monday of devaluing their currencies while the United States raises interest rates. "Russia and China are playing the ...
China says U.S. comments ‘a bit chaotic’ after Trump ‘currency devaluation game’ accusation Washington/beijing Reuters Published April 17, 2018 ...