Chinese currency fluctuation disrupts U.S. retailing market
In late July, China announced the decoupling of its currency, the Renminbi (Yuan) from the U.S. dollar. For many economists and investors around the globe this is being viewed as a positive development. For U.S. exporters there is a real opportunity to increase their sales to the world’s second largest market as it will make U.S. produced goods more affordable to the average Chinese consumer.full story...