Global markets calm down after Monday’s panic
Safe-haven assets settled down as investors move tentatively back into the euro, pound and some of the emerging-market currencies
06 August 2019 - 12:26
London — A rout in global markets moderated on Tuesday as China kept the yuan on a tight leash after its landmark drop past 7/$ led the US to label Beijing a currency manipulator.
The trade war between the world's top economies remained near boiling point, but the heat had been reduced just enough by a firmer-than-expected official Chinese central bank yuan rate overnight to steady some nerves...
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