Headline Roundup August 13, 2015
China Central Bank Slows Yuan Descent
Featured Coverage of this Story
Fox News Digital
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.
New York Times (News)
China on Thursday sought to calm fears that the country’s depreciating currency had set off, as authorities defended the devaluation decision.
Wall Street Journal (News)
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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