China sends shockwaves through economy with yuan devaluation
Q. Which country has sent shockwaves through global markets by moving to prevent a further drop in exports with the biggest one-off devaluation of its currency in 20 years?- Published on 28 Aug 15
b. United States
c. Hong Kong
The People’s Bank of China said the centre of the yuan’s trading band was reset 1.9% lower at 6.2298 per US dollar, its weakest point against the US dollar for almost three years.