Market Overview

14 August 2015 16:05

Konstantin Meinhardt

The first interest rate hike was more in focus this week. Market participants still speculate on that the Fed starts raising its interest rate in September. But the Fed's decision seems to be more uncertain. Reasons are the U.S. economic data and this week's yuan devaluation. China's central bank reassured market participants on Thursday, saying there was no basis for further yuan devaluation. The devaluation of the yuan could mean that China's economy faces more problems than expected by market participants. China's exports dropped in July.
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