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Author Topic: Renminbi to 6.68 usd  (Read 390 times)
021 ocupado (OP)
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June 27, 2016, 01:12:06 AM
Last edit: June 30, 2020, 09:30:35 PM by 021 ocupado
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June 27, 2016, 02:33:37 AM
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Zero Hedge has a nice piece this evening on the Yuan devaluation:

http://www.zerohedge.com/news/2016-06-26/china-devalues-yuan-most-10-months-premier-li-warns-brexit-butterfly-effect-financia

Chinese Premier Li KeQiang is apparently worried about Brexit causing a "Butterfly Effect" that would hurt China (perhaps fewer British and European imports of Chinese goods as their currencies go down).

In about a day or two more we should know more: whether this Brexit matters much or not.
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