Markets looking for a calmer week as US earning reporting season kicks in

Global markets fared pretty volatile last week especially in the mid week when US Stocks plunged 3.15%. But closing to the end of the week, we began to see a market reprieve, recovering some loss. One of the news that calmed the market last week was US hasn’t decided on putting China into the list of currency manipulating country. So the question is considering RMB had fallen more than 9 % recently, was it a natural market development, or was it a result of Chinese Government intervention? We have invited independent economic analyst and strategist, Dr Po man Chan to analyze the situation for us.

a man walking past oversized Chinese yuan (RMB) notes, Source: AAP