Chinese yuan fix weakens, stocks slump again

The fix is in for the yuan, with the lowest level since April 2011 at 6.5169 against the USD, now 0.21% weaker, with news just in the PBOC is also going to inject 170 billion Yuan:


Chinese equity markets have opened, with the Shanghai Composite down 3% at the open.

Australian stocks have fallen already this morning, down over 1% with banks taking the brunt like I thought on the DAX slide overnight.

This could get nasty!


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  1. The Traveling Wilbur

    Spot on again Mr B. Great work over the holiday period. Thanks for the excellent analysis over the last few days. Cheers.

    • I do my best, which is nowhere near Leith and DLS’s bad days so thanks.

      I’ll be here for the rest of the week and then going back to trading next week – which is much easier!