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Yuan Devaluation Ripples Across Asia

heezsafe
in The Bullpen
The yuan dropped the most in two decades (1.9%), sparking a tumble in emerging-market currencies and commodities after China devalued its exchange rate to boost growth. [...] The move heightens the risk of competitive currency devaluations as global demand wanes.
http://www.bloomberg.com/news/articles/2015-08-10/asian-stock-futures-buoyed-by-u-s-gains-as-oil-maintains-bounce
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