Brexit effect on Australia

Posted: June 24, 2016 in Uncategorized

I am reading a lot of  news but nobody made this connection yet.

The issue with China are linked a lot by the Yuan strength. The Yuan is pegged to the US Dollar.

In  time of risk on, the US Dollar goes up and so the Yuan. If the USD stays high the Chinese will have to devaluate the Yuan sparking consequences similar to August 2015.

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