Chinese yuan depreciates further: What is the endgame?
August 13, 2015 at 13:45 PM EDT
This article was written by Rob Waldner, chief strategist and head of the Multi-Sector team for Invesco Fixed Income. After China’s surprise devaluation of the yuan by 1.9% on Tuesday, the Chinese currency was devalued by another 1.6% on Wednesday.1 Policymakers appear to be following a pattern of...