The Currency Shift that Really Matters to Agriculture
By 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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