When China devalued the yuan, or renminbi, last week, global markets went haywire. So did Donald Trump, who predicted that China's "big cut in the yuan" is "going to be devastating" for the U.S. (James Pethokoukis disagrees.) But the finer points of foreign exchange markets usually fall somewhere between baffling and sleep-inducing. Jonah M. Kessel at The New York Times brings China's currency moves down to the human level — or, more accurately, the porcine level.
If you have 5 minutes and want to better understand what China's doing with the yuan and why, watch below. Peter Weber
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