China is mulling a 15-20 percent devaluation of its currency by the end of 2016 in a move that could spark a crisis in Asian markets, according to research firm IDEAglobal.Even though I believe a devaluation of similar size, or larger, is likely, what interests me isn't the content of the story, but that CNBC ran it.
It cited an interview it had conducted with a "reliably-informed Asian source" in a release published late on Tuesday.
2015-09-18
Remember in June, When Yuan Depreciation Was Crazy Talk
CNBC: Why China's yuan may be set for 15% devaluation
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