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Alasdair Macleod: China and the dollar
By Alasdair Macleod
GoldMoney.com, St. Hellier, Jersey, Channel Islands
Thursday, October 8, 2015
With the benefit of hindsight, the two-day devaluation of the yuan in mid-August might have been a masterstroke of strategy.
China executed a financial move that appeared to undermine its own position but instead created trouble for the US; how much is still to be played out. So was the devaluation a well-executed move against the dollar, or are the Chinese authorities as clueless as any other government? ...
... For the remainder of the report:
https://www.goldmoney.com/china-and-the-dollar?gmrefcode=gata
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