Why the Chinese Yuan Was Lowered Today – and What That Means for Your Money
February 29, 2016 at 11:29 AM EST
The Chinese yuan tumbled to a three-week low against the U.S. dollar today (Monday), and that's having a ripple effect throughout global markets. China's central bank cut reserve requirements for most major banks today in a move aimed at boosting growth in the world's second-largest economy. Here's what that means for you and your money... Tags: China , china's stock market , chinese currency , Chinese currency crisis , Chinese stock market , Chinese Yuan , currency wars , stock market crash , Yuan , yuan devaluation To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Chinese Yuan Was Lowered Today – and What That Means for Your Money appeared first on Money Morning - We Make Investing Profitable .