Talks about a currency war, doubts about Chinese policymakers’ credibility and worries over the Chinese economic slowdown and its ripple effects have certainly ignited risk aversion among investors. Yet to call the recently engineered devaluation by the People’s Bank of China (PBoC) dramatic might seem harsh, as the yuan (CNY) has since depreciated by only around 4%. Well that’s one view.
China's 'Engineered' Yuan Devaluation Not Signalling Currency War Just Yet
Forbes - 4 Sep 2015 22:32
Talks about a currency war, doubts about Chinese policymakers’ credibility and worries over the Chinese economic slowdown and its ripple effects have certainly ignited risk aversion among investors. Yet to call the recently engineered devaluation by the People’s Bank of China (PBoC) dramatic might seem harsh, as the yuan (CNY) has since depreciated by only around 4%. Well that’s one view.
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