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The most important number in markets: Here’s why traders around the world are getting increasingly obsessed with a daily dispatch from China
China recently let the yuan fall to levels not seen since the global financial crisis, and investors are watching closely for what's next.
World stocks are rallying after a trio of central banks cut rates and China calmed investors’ nerves
"One common factor that all investors seem to agree upon is the expectation of lower interest rates going forward."
The global trade war has morphed into a currency war. Here’s why that’s a scary proposition for markets.
"A trade war that was supposed to be easy to win seems like it's going to be hanging around for a long time," said Dan Ikenson of the Cato Institute.
China takes measures to keep the yuan from plummeting further, stabilizing markets after 2019’s worst rout
The move by the People's Bank of China to fix the yuan higher than analysts expected pushed its exchange rate back above a key psychological level.
Markets are steady after Monday’s bloodbath — but Trump’s ‘currency manipulator’ label on China means the trade war will...
"The US has simply made it clear that there is no goodwill in discussions, and no desire for a swift resolution to trade talks."
The jump came after China let its currency slide to its lowest value against the US dollar in over a decade.
China "has effectively weaponized the exchange rate" and may let it drop further, "probably by 5-10% over the coming quarters," says Capital Economics.
US stocks are set to crater after China made a change to its currency that has dire implications for the trade war.
US futures plunged more than 1.2% on the news of China's currency falling to an 11-year low — a move that is seen as an escalation in the trade war.
Trump’s right on the money: IMF finds the US dollar is overvalued, the Euro is undervalued for Germany
"Whilst Trump has never been the biggest fan of the IMF, he may very well be now!"
China’s central bank eased the Chinese yuan to its weakest level against the dollar in more than a decade on Tuesday.