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© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.China tries to quell fears of more big devaluations
By JOE McDONALD BEIJING©2024 GPlusMedia Inc.
4 Comments
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JohnY921
I think all countries be printing, a time to devalue people's savings and earnings.
It's a printing time!
Triring
JohnY921
The problem with PRC's act is that they aren't really printing anything, they just announced that the yuan will be traded at a certain amount and PRC will not accept at any other amount.
itsonlyrocknroll
Hi Triring, the question is why?.... please, smiling, the BOC can intervene with over $3.5 t of reserves...the Euro is heading south due to market forces, I can live with a detachment to dollar peg, it a counter measure to BOJ fruitless QE (opinion) ....Pretty please the EC will retaliate with atni dumping measures, commodity trading will be targeted. I am not huffing and puffing, hot rolled steel average spot check it.
SuperLib
Any changes in policies always creates winners and losers on both sides of the border.