The Currency Shift that Really Matters to Agriculture

August 2019 - Dan Kowalski

Currencies have been all the buzz of late. China’s decision to reduce support for the yuan in early August sent markets into a tailspin and triggered some central banks in Asia and Oceania to cut interest rates. Markets and policy makers feared that a currency war was suddenly afoot, and China’s devaluation could stoke a destabilizing race to the bottom in global currencies and interest rates.

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