By devaluing its own currency, China has tried to address its issues due to financial distress. Not many have taken this surprise move by China in good spirits. While China might be trying to fix its own domestic growth, it could trigger currency wars amongst nations that are trying to compete with each other in international trade.
A fall of domestic currency means alot to the associated country’s economy and its people. In recent times, huge fluctuations and a constant drop in the Indian currency, the Rupee, Continue Reading