Currency wars on the horizon?

Erik Ristuben, chief investment strategist at Russell Investments interprets how the latest US economic data, particularly retail sales and jobless claims, may impact the Federal Reserve’s looming decision to raise interest rates in September and the implications of the Chinese renminbi devaluation.

Ristuben reviews China’s market news, specifically a statement made by PBOC during a press conference on Thursday.

He also discusses if investors should be concerned about “currency wars” in the near future and shares his expectations on the possibility of a more free-floating Yuan.

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