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A Step Toward a Stable Road—Thornburg Investment Management

Aug 03, 2018 / Emerging Markets, Asset Class Research Research Alliance

CEO Jason Brady tells Chinese media outlet Caixin that he believes that the main reason for the recent devaluation of the renminbi is the Fed's rate hike. On another level, the depreciation of the renminbi is not entirely a bad thing, but two-way floating is an important step in its journey to stability.

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