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Strategies & Market Trends : Currents of Currency
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From: Ahda8/12/2015 12:56:00 PM
   of 594
 
Release Date: July 29, 2015

For immediate release

Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor resources has diminished since early this year. Inflation continued to run below the Committee's longer-run objective, partly reflecting earlier declines in energy prices and decreasing prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations have remained stable.
federalreserve.gov

If the Fed is stating minimal inflation and China is trying to offset a down turn lowering the Yuans value makes sense. China must invest in China first not in India or anywhere else, China's stock markets performance might of clearly stated paper transactions are apt not to be people China performance,

What I do not understand is China has been talking about tying gold to the yuan. The purpose could be an internal move that attempts to make the Yuan stable as the accountable Euro which recently regardless of the hole in the basket has gone up in value.against the US $

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