Over the weekend, New Zealand Prime Minister John Key crossed the wires and expressed his personal views on the Chinese yuan devaluation.
Key Quotes:
China will be forced to devalue the yuan
China is in “complete denial because they are trying to do what the Swiss did and it won’t work”
China will be reluctant to devalue because it will get “Trump more focused and screaming. But there is just no other road out of this stuff”
(Market News Provided by FXstreet)