Watch CBS News

China devalues its currency again

Name: China devalues its currency again
Uploaded: 2015-08-16T19:47:01-0400
Duration: 1 min 55 s
Description: Investors are bracing for a bumpy ride after China devalued its currency several times last week. Moneyandswers.com editor Jordan Goodman talks to Jeff Glor about China's monetary strategy and how it's effecting the global economy.

Investors are bracing for a bumpy ride after China devalued its currency several times last week. Moneyandswers.com editor Jordan Goodman talks to Jeff Glor about China's monetary strategy and how it's effecting the global economy.