China yuan drops 4% in two days
China yuan has dropped by 4% in two days to 6.445 to 1 USD. This was the level back in 2011 This drop is effecting other currencies and commodities and stock markets. “China’s yuan move is recalibrating Asian currencies,” said Vishnu Varathan, a Singapore-based economist at Mizuho Bank Ltd. “If the yuan drops another 5 …