Posted on 08/12/2015 6:54:11 PM PDT by TigerLikesRooster
China Marks the Yuan Lower a Third Time
USD/CNY closed Wednesday at 6.3870 and its fixing was at 6.3306
By Ewen Chew
Updated Aug. 12, 2015 9:26 p.m. ET
0122 GMT [Dow Jones] China’s central bank has adjusted the daily yuan benchmark weaker for a third day, moving the USD/CNY fixing to 6.4010 from 6.3306 on Wednesday. The move sent proxy currency pairs USD/KRW and USD/SGD higher, but not by much yet. Traders are awaiting the USD/CNY spot market opening in a few minutes to cement conviction that Asian currencies are going to fall again.
(Excerpt) Read more at wsj.com ...
P!
Not good.
Trump is the only one speaking out against China or Mexico.And Trump is right. China launched a currency war against the USA and continued it today.
China is waging a currency war against the USA:
http://www.marketwatch.com/story/how-the-dollars-rise-led-to-the-yuan-devaluation-2015-08-11
This is getting to be like wiping your butt with a hula hoop. There ain’t no end to it.
This won’t end well.
China is going to depeg the yuan from the dollar.
Here’s what the Central Planners must feel like:
https://www.youtube.com/watch?v=9Sj89hMVYhI
You centrally planned an entire economy:
https://www.youtube.com/watch?v=fLrpBLDWyCI
Obi Wan Trump, you’re our only hope!
Except the end you started with.
Oh boy, I’ll bet Harbor Freight will *pay me* now to take those cheap little flashlights they were giving away.
The strength of the dollar should be devaluing the yuan by itself...China must be in far worse shape than they let on!
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