Reality Check: With the Forex markets buzzing on the uncertainty that the Chinese have entered the so called currency wars, the volatility and whipsaws have given traders an extra reason to question the Fed. With both the Fed and the BoE looking at a huge global shift in the direction of monetary policy, these moves out of China come at a time when markets are most on edge. Markets are asking whether these moves imply weakness in the Chinese economy more so than that being officially reported.
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