JohnKicklighter

Devaluing the Yuan isn't Uncharted Territory

FX_IDC:USDCNY   U.S. DOLLAR / CHINESE YUAN
122 0 5
USDCNY             has seen much larger revaluations by Chinese authorities in the past, but it has been 20 years since the last large Yuan devaluation. Does this conflict with their aim to have a market-derived exchange rate?
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