China lowering their currency. More like just printing the RMB like crazy with no consequences whatsoever.... http://www.nytimes.com/2015/08/14/b...enminbi-for-a-third-consecutive-day.html?_r=0
There should be consequences but who's going to to it? It's great for folk going to visit China if the RMB is lower than the US dollar, always hear folk talk about how the rate is not how it used to be...