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China lets yuan fall further, fuels fears of currency war

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12 Aug 2015 12:40 #267446 by chairman
China lets yuan fall further, fuels fears of currency war
Reuters

China's yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it in a move that sparked fears of a global currency war and accusations that Beijing was unfairly supporting its struggling exporters.
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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  • mapoui
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12 Aug 2015 14:14 #267474 by mapoui
good.  I will buy more renmimbi...

in fact I have.  I ordered 200 CDN worth this mawning by phone. that is 3k worth I have bought since march.

that currency will revalue upwards soon enuff :-[

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  • renegade
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12 Aug 2015 15:12 #267485 by renegade
How long.  You buy currency

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  • spectre96
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12 Aug 2015 15:31 #267489 by spectre96
China's dominance is sustainable this way,smart move!

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  • mapoui
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12 Aug 2015 15:53 #267494 by mapoui

all the time..a little of a basket.

the best you can buy now is the Ruble... but you cant in Canada/USA..not available.  but if I can get without a middleman and held somewhere safe I would buy more than I buy renminbi.  Russia is  very sound economically with a very low rate of debt..and busily developing infrastructure to replace imports.  they have taken control their central bank so that does not work against them

I even have a few no-hopers  like BG and Yardie.  got rid of all my USD..and all euro currencies save some German Marks

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12 Aug 2015 16:02 #267495 by ketchim
Link up with a friend in the Far East or former USSR countries.

I hav a friend in Poland that can buy you the Rubles...

his wife just had a baby there : and he works here in T.O.

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  • mapoui
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12 Aug 2015 16:32 #267498 by mapoui

I in that.  but all is kosher with it? 
I buy small but often. you see my scale.  about 5-6k a year of currencies and silver

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  7. China lets yuan fall further, fuels fears of currency war
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