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“Stealth” Currency War Continues – China Weakens Yuan Fix For 7th Consecutive Day
Monday, December 14, 2015 18:51
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The Yuan fix has now weakened for 7 consecutive days. Aside from the August devaluation, this is the biggest devaluation in the Yuan since records began in 2004. At the current level of 6.4559 per dollar, the Yuan has retraced to the level it was at when QE ended in July 2011. Chinese stocks are fading a smidge after yesterday's afternoon session “rescue” ramp …. http://www.zerohedge.com
Source: http://luismmx.blogspot.com/2015/12/stealth-currency-war-continues-china.html
