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China Devalues Yuan For Longest Streak Ever To 8 Year Lows 

By: capt_nemo in POPE IV | Recommend this post (2)
Mon, 21 Nov 16 10:27 AM | 52 view(s)
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For a record 12th consecutive day, China has weakened the official fix of the Yuan against the USD, slashing its currency by over 2.2% in that time - a move only beaten by the "one-off" devaluation in August 2015 that crashed global stock markets. With a 189pip 'devaluation' tonight, Yuan is now trading at its weakest since June 2008...

http://www.zerohedge.com/news/2016-11-20/china-devalues-yuan-longest-streak-ever-8-year-lows




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