Chinese 100 yuan banknotes. The muted response on the part of international investors to last week’s 1.9 per cent decline in the yuan versus the dollar – the sharpest weekly drop since the surprise devaluation of China’s currency on August 11, 2015 which triggered a dramatic deterioration in sentiment – is one of the clearest signs of the persistent bullishness in markets in the face of mounting financial and geo-political risks. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Indifference to the yuan’s slide says much about the state of the markets

Its August 2015 devaluation feels like a distant memory

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Chinese 100 yuan banknotes. The muted response on the part of international investors to last week’s 1.9 per cent decline in the yuan versus the dollar – the sharpest weekly drop since the surprise devaluation of China’s currency on August 11, 2015 which triggered a dramatic deterioration in sentiment – is one of the clearest signs of the persistent bullishness in markets in the face of mounting financial and geo-political risks. Photo: Reuters
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