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At this time, the modest yuan revaluation is unlikely to have an immediate or large effect on U.S. markets. Future Fed activity and China's own economic growth—in combination with the revaluation—will be more instrumental over time.
It will allow the currency to trade against an overseas basket.
According to the latest research, your clients may benefit from paying attention to the impact of currency fluctuations on their portfolios. Here's an introduction to the dynamics of currency exchange, as well as a couple of broad strategies for trading.
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