NEW YORK (TheStreet) -- The holidays are a time when traders take time off and the pace of trading typically slows. Unfortunately, it is the slow times when currency moves can have the greatest impact.
This chart of the Chinese yuan, above, suggests that the Yuan will weaken again. The yuan has broken its downtrend and has made a higher high and a higher low. Our 20-day momentum study is in an uptrend (lower panel). We have no inside track, but the price action suggests that China could announce or allow another devaluation at any time.
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