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Tag: The world in red

China adjusts: The World in Red

August 12, 2015

Today Tuesday China made their currency weaker for the first time (!) since the new system was introduced in 2005. The main change is the reference midpoint for Chinese Yuan towards US dollar with a 2% bilateral movement. Today the Yuan become 1.9% weaker when the midpoint were moved from 6,1162 for a US dollar … More China adjusts: The World in Red

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