Headline RoundupAugust 13th, 2015
China Central Bank Slows Yuan Descent
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From the Right
China Central Bank: No Reason for Yuan to Fall FurtherFox News (Online News)
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China's central bank said on Thursday there was no reason for the yuan to fall further given the country's strong economic fundamentals, in a bid to reassure jittery global markets after it devalued the currency earlier in the week.
From the Left
China Seeks to Calm Markets as It Devalues Currency for 3rd Consecutive DayNew York Times (News)
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China on Thursday sought to calm fears that the country’s depreciating currency had set off, as authorities defended the devaluation decision.
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From the Center
China’s Central Bank Defends Handling of Yuan PlungeWall Street Journal (News)
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Chinese central bank officials on Thursday offered a rare public defense after this week’s unexpected devaluation, saying the yuan will stabilize and eventually resume its climb.
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