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

a. Japan
b. United States
c. Hong Kong
d. China

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.

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