Global Macro Monitor

Charts That Count: Another China Crisis? – FT

July 19, 2018 3:39 PM

China’s currency has devalued sharply against the dollar in recent weeks. The last time China surprised the markets with a devaluation, in the summer of 2015, it prompted a global sell-off of risk assets. John Authers discusses why China’s currency is moving again, and asks why this devaluation has so far had much less impact on stock markets than the last one.

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