Yuan and you: How China's devalued currency affects U.S. consumers

August 12, 2015 3:39 PM

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Yuan and you: How China's devalued currency affects U.S. consumers

China on Wednesday devalued its yuan currency for a second day running. It could have an effect on American consumers and investors. Here's how.

If you like your goods made in China, a weakened yuan is your friend. When the yuan falls in value, goods imported to the USA from China become cheaper. And China makes a lot of things from cars and computers to clothing and furniture. Conversely, American businesses will find it more expensive to s...

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