By Economic & Finance Report:
It seems Asian currencies are free falling, as the Chinese Yuan is being devalued. The Chinese central bank devalued the Yuan Monday, August 10, 2015. The Central Bank of The Federal Republic of China devalued the currency so it will be more market adaptable., some analysts have indicated.
The Yuan is currently now weaker then the U.S. Dollar, by about 2%. Equitable markets will be focused now on the moves of Central Banks around the world, as currency inflation seems to be constantly changing. Much of the change was also affected by the market trading information that came out over the weekend in China, which was highly negative in reporting. A weaker Yuan will definitely demobilize and create instability in the Asian markets going forward. -SB