Tag: Yuan

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  • Stock Market and China Yuan Devaluation

    China’s Yuan Was Just Devalued And It’s Hurting Wall Street

    China in a surprise move on Monday night devalued its own currency and that decision was immediately felt on Wall Street. Traders, questioning how the devaluation might affect the Fed’s decision to raise interest rates, punished the Dow Jones Industrial as futures were trading down by 152 points by 8:25 a.m. ET. The dow was […]