Author

Topic: Renminbi to 6.68 usd (Read 397 times)

legendary
Activity: 2968
Merit: 1895
June 26, 2016, 09:33:37 PM
#2
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Zero Hedge has a nice piece this evening on the Yuan devaluation:

http://www.zerohedge.com/news/2016-06-26/china-devalues-yuan-most-10-months-premier-li-warns-brexit-butterfly-effect-financia

Chinese Premier Li KeQiang is apparently worried about Brexit causing a "Butterfly Effect" that would hurt China (perhaps fewer British and European imports of Chinese goods as their currencies go down).

In about a day or two more we should know more: whether this Brexit matters much or not.
newbie
Activity: 4
Merit: 0
June 26, 2016, 08:12:06 PM
#1
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