How to Profit from the Currency War China Just Started

The People's Bank of China uses its massive reserves to buy or sell the yuan to maintain a desired exchange rate. It's been pegged to the U.S. dollar in some way for decades. So, a strong dollar has often meant a strong yuan. That hurts Chinese exports, and it's been a sticking point in China's ongoing negotiations to secure the yuan's "reserve currency status" at the International Monetary Fund (IMF). So, when China devalued the yuan by 2% on August 11 - the biggest one-day fall since 1994 - it roiled the global markets. I wasn't shocked, though. It was a logical move after all, and its implications open a nice profit opportunity for us... Tags: china currency war , Chinese Yuan , Currency War , how to profit , How to profit from China To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to Profit from the Currency War China Just Started appeared first on Money Morning - We Make Investing Profitable .
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