Hi HSydney
With respect, the statement that the price fall was all about Yuan Devaluation makes no sense to resource stocks falling.
You would expect a fall in the YUAN leads to greater Chine exports, therefore greater demands for raw materials.
As a result, resource stocks should have gone up yesterday.
Have I missed something here or had I too much pot when attending my economics lectures at university?
Pear
Iron Ore Price, page-1463
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