Sentences with phrase «by yuan devaluation»

Not exact matches

Markets were also taken aback by an August decision to allow the yuan to float more freely against other currencies, effectively amounting to a devaluation.

The global stock market rout of the past week was sparked by concerns over a possible interest rate rise by the U.S. Federal Reserve and not by the devaluation of China's yuan currency, a senior Chinese central bank official told Reuters on Thursday.

A: Unfortunately, big traditional companies have been the biggest borrowers and much of that in dollars... Credt Lyonnais said with a 3 percent devaluation in the yuan, interest costs for companies in China could rise by $ 26 billion.

The Bitcoin price rose nearly 130 % in 2016, spurred on by political instability in several countries and the devaluation of the Chinese yuan, among other factors.