China Openly Pledges to Sink the Yuan vs. the Dollar

China Openly Pledges to Sink the Yuan vs. the Dollar

January 22, 2016 0 By News Desk
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On Thursday, I saw this MarketWatch headline: China Serious about Dropping Dollar Peg. I was totally unimpressed after reading the article. China will not do the one thing it has needed to do for decades: Let the Yuan float.

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China Openly Pledges to Sink the Yuan vs. the Dollar