China Currency Weakens: Another Step Towards Decoupling
August 05, 2019 at 12:27 PM EDT
By Natalia Gurushina, VanEck, Economist, Emerging Markets Fixed Income China halted U.S. agricultural imports and let the currency weaken beyond 7/U.S. dollar, giving more credence to the “decoupling” narrative. The only two major emerging markets currencies that escaped the morning carnage were...