They have pledged to “avoid unfair currency practices and refrain from competitive devaluation"
The dong will remain under pressure as the Fed will keep raising rates and China may seek a weaker yuan to...
Sliding prices for Southeast Asia’s commodity exports coincide with a yuan devaluation and the prospect of higher U.S....
The US Federal Reserve's first rate hike in a decade expected to increase pressure on the dong to sustain...
A senior trader at a European bank in Shanghai said the unexpected devaluation had caused "some panic" in the markets.
Companies with huge loans and payables in US dollars face a big currency mismatch
This is because the market is dominated by domestic supply and demand.
Economists says China's central bank will now try to stop the yuan weakening much past 6.5 per dollar
Still, not all central banks and governments have signaled a willingness to intervene.
Adding to that febrility is the resurgent dollar being lifted by expectations of looming US interest rate hikes.
The damage is everywhere
Japan was on guard against any attempts by China to manipulate the yuan to give its exports a competitive advantage,...
Letting the yuan slide may have a limited impact on growth
The holdings are still more than triple those of any other nation
As Chinese products become cheaper, Vietnamese manufactures will struggle in both local and foreign markets