The yen weakened but was close to an 18-month peak, with investors unconvinced by a signal that Japan could step in to weaken the currency. » Read More
Lena Teoh, Asia Pacific head of asset allocation at Credit Suisse Private Banking & Wealth Management, says the depreciation of the yuan is fueling negative sentiment in Asian currencies.
Wendy Huang, head of Asian Internet & Media at Macquarie, discusses Alibaba's disappointing quarterly revenue and explains whether the $4 billion share buyback signals lackluster growth ahead.
Jeffrey Williamson, director of California State Trade and Exports, says the devaluation of the yuan will likely have little impact on Californian exports, which are already reeling from a weaker euro.
Richard Iley, chief economist of emerging markets at BNP Paribas, says the People's Bank of China (PBOC) has a strategy of "generalized devaluation" to weaken the yuan by at least 5 percent.
Quincy Krosby, market strategist at Prudential Financial, says the rebound on Wall Street overnight suggests short covering, especially in the energy sector.
Charles Li, CEO of Hong Kong Exchanges and Clearing (HKEx), says the move to devalue the yuan is part of China's plan to seek inclusion into IMF's Special Drawing Rights (SDR) currency basket.
Skip Aylesworth, portfolio manager of Hennessy Technology Fund, explains why Alibaba's announcement of a $4 billion share buyback program failed to shore up its stock price.
Jeremy Hill, managing director of Old Blackheath Companies, expects the dollar to be firm in the long run and discusses whether there's a buying opportunity in U.S. stocks following this week's losses.
The U.S. dollar fell on Wednesday to its lowest in about a month against a basket of major currencies.
Ken Brown, WSJ Hong Kong bureau chief, weighs in on latest market action out of the Chinese central bank and currencies.
Bob Mckee, chief economist at Independent Strategy Ltd, discusses how the Chinese government has "blinked" allowing the yuan currency to weaken.
Discussing China's "overnight fix", and whether investor fears are grounded, with Mike Moran, Standard Chartered Bank Senior Currency Strategist.
Discussing the potential global risks from China's currency moves, with Mark Luschini, Janney Montgomery Scott, and Neil Dutta, Renaissance Macro Research.
Trump critical of Yuan devaluation
Boris Schlossberg, managing director at BK Asset Management, discusses how China's decision to devalue the Yuan will impact the Fed and big exporters.
Chris Morrison, head of strategy at Omni Macro Fund, says there is more scope in the dollar/yuan trade for investors.
Chris Morrison, head of strategy at Omni Macro Fund, discusses China's decision to devalue the yuan.
Grace Ng, economist, Greater China at JP Morgan, outlines the factors that will put pressure on the Chinese yuan in the near term.
Chinese's surprise move to devalue the yuan, a looming Fed rate hike and weakening economies have created a perfect storm for Asian currencies.
Anantha Nageswaran, CEO of Vansight, explains why the Chinese currency could be in for further declines.