China’s devaluation of its renminbi this week sent markets into a temporary tailspin, and though things have somewhat rebounded since, supply chains may still have a price to pay. Whether designed to ...
In the wake of the People’s Bank of China (PBoC) raising and then promptly lowering its USD/CNY fixing in March, analysts at ING pointed to a weakening of Asian currencies and speculation that China’s ...
Markets across the globe have fallen on the back of mounting fears over the health of the Chinese economy, with the authorities allowing the renminbi to devalue adding further to the woes as it ...
The People’s Bank of China (PBoC) cut its reference rate for the renminbi for third concecutive day on Thursday while global markets were trying to digest first two devaluation moves. The renminbi's ...