Tag Archives: devaluation

China’s 3rd devaluation within 3 days

Posted on August 13, 2015 by Brennen

China lowered in centre band once again for the 3rd day in this week to 1US$ : RMB6.401. For the past 3 days in succession, China had lowered its currency band 3 times. From RMB6.116 to RMB6.2289 to RMB6.3306 and to … Continue reading →

Posted in Z-FINANCIAL EDUCATION, Z-INVESTMENTS, Z-Personal Finance, Z-STOCK INDICES | Tagged , , , , | Leave a comment

China’s devaluation may spark another currency crises and Asian stock market fallout

Posted on August 12, 2015 by Brennen

China made a surprise move to devalue its chinese yuan to US dollars. The mid-point range is now RMB6.230 instead of RMB6.116, a decrease of approximately 1.8%. This would have indicated that the chinese economy is not doing as well and … Continue reading →

Posted in Z-FINANCIAL EDUCATION, Z-INVESTMENTS, Z-Personal Finance, Z-STOCK INDICES | Tagged , , , , | Leave a comment