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“Dear Janet”? – China Devalues Most Since August, Yuan Tumbles To Lowest Since Sept 2010

Thursday, October 20, 2016 22:26
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(Before It's News)

For the 10th day of the last 11, onshore yuan has weakened against the dollar. A 0.35% devaluation of the Yuan fix – the most since August – catching down to offshore Yuan's weakness, suggests (for now) PBOC policy is 'allowing' the drop and perhaps sending yet another 'turmoil-induing' message to The Fed as their hawkishness grows.

Since the start of Golden Week, yuan has plunged…

Plunging Yuan back near pre-peg-break levels from Sept 2010…

Sending a message?

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