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Yuan's Unusual Decline Pre-G20

by Ashraf Laidi
Feb 21, 2014 19:13

China's yuan is undergoing its highest weekly decline vs. the US dollar since January 2012. It is also the first string of four consecutive weekly declines since May-June 2012, a period coinciding with a 10% sell-off in the S&P500—the last time the US index fell by such magnitude. Why is that and what does it mean?

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Yuan's Unusual Decline Pre-G20 - Yen Yuan Feb 21 (Chart 1)

 
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