Posted by on October 21, 2016 2:52 am
Tags: ,
Categories: China Economy Yuan

For the 10th day of the last 11, onshore yuan has weakened against the dollar. A 0.35% devaluation of the Yuan fix – the most since August – catching down to offshore Yuan’s weakness, suggests (for now) PBOC policy is ‘allowing’ the drop and perhaps sending yet another ‘turmoil-induing’ message to The Fed as their hawkishness grows.

Since the start of Golden Week, yuan has plunged…

Plunging Yuan back near pre-peg-break levels from Sept 2010…

Sending a message?

The article, ""Dear Janet"? - China Devalues Most Since August, Yuan Tumbles To Lowest Since Sept 2010", was syndicated from and first appeared at: http://feedproxy.google.com/~r/zerohedge/feed/~3/OyvwehHdQcY/dear-janet-china-devalues-most-august-yuan-tumbles-lowest-sept-2010.

You may find more great articles by Tyler Durden on http://www.zerohedge.com/fullrss2.xml/sites/default/files/images/user5/imageroot/draghi/CBO%20August%201.png/%2A%7CFORWARD%7C%2A.

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