How China's Stock Market Crash Influenced Today's Yuan …
The Chinese central bank would never admit it, but China’s stock market crash surely weighed on its decision today to devalue the yuan.The news had an immediate impact, with the yuan falling nearly 2% against the U.S. dollar. It marked the biggest one-day plunge since 1994.Because of the way the yuan is controlled by the People’s Bank of China (PBOC), […]