Currency News: Euro takes hard hit as Yuan gets included in to the IMF basket
As the Euro continues to hit low records, the Yuan inclusion to the IMF basket will affect the european currency in a drastic way.
Currency News: China Raises Yuan Reference Rate by the Largest Percentage in a Decade
China has recently raised Yuan’s reference rate by 0.54% to 6.3154 against the U.S. dollar, which is the largest boost in the decade.
Currency News: Why This it is Not a Currency War
When People’s Bank of China devaluated the Yuan by more than 3 percent, the common feelings around global markets was that a currency war had just started.
Currency News: China’s Devaluated Yuan Update
According to Ma Jun, chief economist at China’s central bank, the yuan will probably move in both directions in the future following last week’s devaluation as the economy stabilises.
Currency News: China Unexpectedly Devalues Yuan
China’s central bank, the People’s Bank of China (PBOC), unexpectedly decided to devalue its currency by 1.9% against the US dollar.
Seeking Alpha Certified
