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Yuan's Decline Raises Concerns Over Currency War

 
Uncle Fuck Stick
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03/23/2014 09:02 AM

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Yuan's Decline Raises Concerns Over Currency War
[link to m.us.wsj.com]
The recent sharp decline in the Chinese currency is threatening to exacerbate China's trade tensions with the U.S. and raising concerns over a potential currency war in Asia.

China's central bank has intervened since late February to drive down the value of the yuan against the U.S. dollar by 2.8% so far in 2014, almost erasing all of its gains last year and ushering in a rare period of weakness for a currency which has steadily appreciated over the past decade.

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Uncle Fuck Stick (OP)
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03/23/2014 10:05 PM

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Re: Yuan's Decline Raises Concerns Over Currency War
"@zerohedge: Copper & Yuan Tumble As China Manufacturing PMI Drops To Lowest In 8 Months, Output Plunges [link to t.co]
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03/23/2014 10:06 PM

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Re: Yuan's Decline Raises Concerns Over Currency War
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