Beijing money exchange rate

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Category movies: Forex video

Tags: rate, money, exchange, beijing money, beijing

China devalued its currency by 1.9 percent on Tuesday – a move that took financial markets by surprise and made the Chinese yuan more market-based. Beijing money exchange rate. CNBC reported the devaluation comes after Beijing released July trade numbers that indicated exports were down more than 8 percent compared to same period a year ago. China's central bank said in statement the markets would be permitted to play a larger role in setting a value for the currency – but Mitul Kotecha, head of foreign exchange and rates strategy at Barclays in Singapore said China may intervene if further devaluation takes place in the financial markets. This video was produced by Wochit using

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