After Record 10-Day Devaluation Streak China Fixes Yuan Stronger

Jon Alternative Media, Blogosphere, Economy

Since The IMF ‘blessed’ the Yuan with the same ambivalence-to-currency-manipulation as the rest of the world’s competitive devaluers, China weakened the currency for 10 straight days (a record streak). But the streak is over as tonight PBOC has decided to strengthen the Yuan fix (although admittedly by a small amount) to 6.4753 (barely off the 4 year lows).

This post was published at Zero Hedge on 12/20/2015 –.