The People’s Bank of China allowed the yuan to depreciate by nearly 2% against the U.S. dollar on Tuesday, the result of a surprise policy change that could spark a currency war in Asia.

Source: http://rss.cnn.com/c/35493/f/676930/s/48e07524/sc/28/l/0Lmoney0Bcnn0N0C20A150C0A80C110Cinvesting0Cchina0Epboc0Eyuan0Edevalue0Ecurrency0Cindex0Bhtml0Dsection0Fmoney0Inews0Iinternational/story01.htm

This entry was posted on Tuesday, August 11th, 2015 at 2:03 am and is filed under Finance/ Money. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.