Tuesday, August 11, 2015

Now The Bad News: This Is How Much More Downside Is Left For China's Currency | Zero Hedge

Now The Bad News: This Is How Much More Downside Is Left For China's Currency | Zero Hedge: "So to answer how much more downside in the CNY there is, now that the PBOC has thrown in the towel and will aggressively devalue the currency, the answer is somewhere between 10 and 15% more if China wishes to regain its competitive status as of just last summer!"



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