The People's Bank of China's decision to devalue RMB has caused RMB to suffer its biggest one-day loss in two decades.

Anbound’s scholars point out that in view of its steady economic recovery, America is considering tightening its policy. However, many economies in the world are contemplating loosening policy and now China has joined them.

Considering the trend in global economy, it is likely that the America will delay the interest rate rise.