Our Market & Economic Insights - Shock waves from the rumbling Renminbi

China sent shock waves through global commodity, interest rate and stock markets last week when it undertook the biggest devaluation of its currency in almost two decades. However, the devaluation was actually not that big – with the People’s Bank of China (PBoC) raising the daily ‘fix’ for Dollar/Renminbi by only 1.9 per cent. So why did the market react so strongly? Watch Now (VIEW LINK)
Welcome to Livewire, Australia’s most trusted source of investment insights and analysis.
To continue reading this wire and get unlimited access to Livewire, join for free now and become a more informed and confident investor.

3 topics

Wealth Know How offers videos created by experts so that you have ongoing free access to high quality information and knowledge. We source professional specialists across a wide range of relevant and important topics so that you can benefit from...
Expertise
No areas of expertise
Please sign in to comment on this wire.