Chinese Yuan devaluation leads to lower prices for US consumers

Global Business

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China’s decision last month to adjust its currency to better reflect the market, set the rate for the Yuan at a four-year low against the U.S. dollar.

The move may have rattled financial markets around the world, but for U.S. consumers it could mean some cost savings down the road.

CCTV’s Karina Huber filed this report from New York.

Chinese Yuan devaluation leads to lower prices for US consumers

Chinese Yuan devaluation leads to lower prices for US consumers

China's decision last month to adjust its currency to better reflect the market, set the rate for the Yuan at a four-year low against the U.S. dollar. The move may have rattled financial markets around the world, but for U.S. consumers it could mean some cost savings down the road. CCTV's Karina Huber filed this report from New York.