by Heraclitusstudent follow (8)
http://www.nytimes.com/2015/12/12/business/international/china-to-track-renminbi-based-on-basket-of-currencies.html Uh Oh... that means devaluation of Yuan, leaving the dollar to shoot up and moving down toward the euro. These guys really don't want to give up their bad habits. Or worse, they are unable to. I guess this is a declaration of trade war.
http://www.nytimes.com/2015/12/12/business/international/china-to-track-renminbi-based-on-basket-of-currencies.html
Uh Oh... that means devaluation of Yuan, leaving the dollar to shoot up and moving down toward the euro.
These guys really don't want to give up their bad habits. Or worse, they are unable to.
I guess this is a declaration of trade war.