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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (115255)	1/4/2016 4:43:13 AM
From: elmatador	Read Replies (2) \| Respond to of 217547

China set the daily reference RMB rate below Rmb6.5 to the US dollar for the first time in more than four years on Monday China will use any lever push any button or pedal... The speed and depth of renminbi weakening is also being closely watched around the region as China’s economic impact grows. The August shock prompted Vietnam to devalue its currency, the dong, and Kazakhstan to abandon its peg altogether. Daily renminbi fix set at its weakest in more than four years Analysts expect further weakness in China’s currency as its economic growth softens. The Caixin/Markit purchasing managers’ index on Monday came in at 48.2 for December, down from 48.6 in November and below forecasts for 48.9. Readings below 50 indicate contraction. That followed official PMI data on Friday showing activity contracted in December for a fifth straight month.