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Zephyr

08/12/15 9:38 AM

#661872 RE: dotnet #661870

Generally speaking...the devaluation will/is having a negative effect for commodities and currencies. Other than that...there will be some negative pressure that happens short term on stocks but this should not be an extended overall negative on stocks or be "the cause" of an overall correction. We'll see how this shakes out.

reads:

http://news.forexlive.com/!/how-the-pboc-yuan-devaluation-will-impact-different-markets---15-banks-respond-20150812

http://www.cnbc.com/2015/08/11/pboc-fixes-yuan-at-63306-up-16-on-tuesday.html