Welcome To The Currency Wars, China Yuan Devalues Most In 20 Years!
Investmentwatchblog.com
February 25th, 2014
The last 7 days have seen the unstoppable ‘sure-thing’ one-way bet of the decade appreciation trend of the Chinese Yuan reverse. In fact, the 0.95% sell-off is the largest since 1994 (bigger than the post-Lehman move) suggesting there is clear evidence that the PBOC is intervening.
The Rest…HERE
