Author Topic: China Sends Fed A Warning: Devalues Yuan By Most In 2 Months  (Read 122 times)

Offline beach7

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China Sends Fed A Warning: Devalues Yuan By Most In 2 Months

With the USD Index stretching to its longest winning streak of the year, jawboned by numerous Fed speakers explaining how April is 'live' (and everyone misunderstood the dovishness of Yellen), it appears that The PBOC wanted to send a message to The Fed - Raise rates and we will unleash turmoil on your 'wealth creation' plan. Large unexpected Yuan drops have rippled through markets in recent months spoiling the party for many and tonight, by devaluing the Yuan fix by the most since January 7th, China made it clear that it really does not want The Fed to hike rates and cause a liquidity suck-out again.

 


http://www.zerohedge.com/news/2016-03-23/china-sends-fed-warning-devalues-yuan-most-2-months