China devalued the yuan again, after a first devaluation took place yesterday. The Chinese central bank fixed the exchange rate today at 6.3306 against the dollar, which is down by another 1.62%. It continues the currency war opened yesterday in Beijing with the first fall of the Yuan, downward Bloomberg He had set a record, the biggest in 22 years. And the US and European markets had already reacted with concern, scoring heavy markdowns. Meanwhile, however, the International Monetary Fund today also welcomed the double devaluation of the Chinese yuan, defining the operation as a Alignment to markets around the world. Today, however, must see how they will react European stock markets and Wall Street in this new downward. There is great tension, especially in the luxury market and fashion in which Italy is the protagonist than the Chinese economic policy
- Arguments:
- China
- devaluation yuan
- yuan
- USA
- EU
- import export
- markets
- Bags
- Wall Street
- Starring:
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