Visitors Now:
Total Visits:
Total Stories:
Profile image
By Michael Johnston (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Yuan Devaluation

Monday, October 3, 2016 11:09
% of readers think this story is Fact. Add your two cents.

(Before It's News)

China surprised the financial markets by cutting its daily reference rate by 1.9% in August 2015, prompting the yuan’s biggest single-day drop since the end of its dual-currency system in 1994. Just months after the shock wore off, the central bank stepped in again by cutting the yuan’s reference rates eight times in a row in January of 2016. The yuan has recovered since the cuts earlier this year, but its recent strength has renewed concerns of a devaluation.

In this article, we’ll look at three exchange-traded funds (ETFs) that could outperform and three ETFs that could underperform in the event of a yuan devaluation.

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.