China’s Currency Depreciates To Five-Year Low

Breaking News Alright, if you haven’t heard the news already then you may be surprised to hear about a recent announcement that has come out that China’s currency has...

Breaking News

Alright, if you haven’t heard the news already then you may be surprised to hear about a recent announcement that has come out that China’s currency has depreciated to a five-year low….let’s just say they didn’t start off the new year exactly how they would of liked.

File picture illustration taken in Beijing shows Chinese 100 yuan banknotes

And as far as the rest of 2016 China can be looking at a rough time as far as fundamentals go as we are going to see a lot more volatility. And unfortunately, it’d looking like this is just the start to a slow depreciation over the next couple of years.

For more details be sure to check out the video above.