FOREX-Onshore yuan rates hit 4-yr low, dollar and euro steadier

FOREX-Onshore yuan rates hit 4-yr low, dollar and euro steadier
China has enormous structural problems. This devaluation is happening because it clearly is needed if they want to meet their growth targets.” The yuan, also known as the … The greenback may have suffered big losses against the euro this week but the …
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Continental drift
ON DECEMBER 3rd the European Central Bank (ECB), which looks after the euro zone, pushed one of its interest rates deeper into negative territory. On December 16th America’s Federal Reserve is expected to go the other way, raising … But an expensive …
Read more on The Economist

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