China Devalues Currency – Beats The Fed to The Punch

China Devalues its Currency China’s devaluation puts the U.S. Federal Reserve in a bind. Devalued Yuan is Dollar Negative Long Term. A devalued Yuan should create more demand for Chinese products and use of the Yuan as an international transactional currency. Should the U.S. follow China’s lead and devalue the dollar? or should the Fed Read More →