It's not just China's yuan that is experiencing serious turmoil. Now India's rupee has been drawn into the growing maelstrom, too. In both cases, both countries' central banks are being forced to alter their currency tactics. Why now? That's the question since we already know the answer to why the dollar is being bullish.
Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...
Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. Investments involve risk and you can lose money. Past investing and economic performance is not indicative of future performance. Alhambra Investment Partners, LLC expressly disclaims all liability in respect to actions taken based on all of the information in this writing. If an investor does not understand the risks associated with certain securities, he/she should seek the advice of an independent adviser.
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‘Uninvestable’: China’s $2tn stock rout leaves investors scarred