FX & CFD trading involves significant risk
The International Monetary Fund (IMF) said on Wednesday that the yuan devaluation was "a welcome step".
"Greater exchange rate flexibility is important for China as it strives to give market forces a decisive role in the economy and is rapidly integrating into global financial markets," the IMF statement said.
The IMF noted that China should "achieve an effectively floating exchange rate system within two to three years".
|remaining time till the new event being published|
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.