13 Aug Footwear Shares Hit By China Yuan Devaluation
For the second day in a row, China has cut its yuan rate, and global markets were quick to react negatively.
Internationally, stock markets went down in reaction to the second devaluation of the yuan, making the currency 3.5 percent less valuable in the past two days. The U.S. markets fell as well early this morning, but recovered by end of the day.
As of now, every U.S. dollar is worth 6.31247 yuan.