Investors Worry About China Devaluing the Yuan, but the Currency is Rising

1:44am PDT - June 20th, 2018    ge stock - The Wall Street Journal

The prospect that China would use currency devaluation to retaliate against any escalations of U.S. tariffs loomed in the aftermath of a sharp drop in the country’s stock markets. But one gauge of the Chinese currency’s strength indicates no efforts to devalu…