Will There be a Currency War? Behind China’s ‘Momentous’ Decision to Weaponize the Yuan

China has plenty of weapons. Over the weekend, China deployed another arrow in its quiver, allowing the value of its currency, the yuan, to drop against the dollar by 2%. The current value is about 7.05, meaning that a dollar could buy 7.05 yuan, rather than the previous roughly 6.9 yuan to the dollar, the […]