2015-09-18

Remember in June, When Yuan Depreciation Was Crazy Talk

CNBC: Why China's yuan may be set for 15% devaluation
China is mulling a 15-20 percent devaluation of its currency by the end of 2016 in a move that could spark a crisis in Asian markets, according to research firm IDEAglobal.

It cited an interview it had conducted with a "reliably-informed Asian source" in a release published late on Tuesday.
Even though I believe a devaluation of similar size, or larger, is likely, what interests me isn't the content of the story, but that CNBC ran it.

No comments:

Post a Comment