Mon, Jul 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

China’s currency not as dull as it looks

Posted on 17 July 2013

Nothing lasts forever. After soaring earlier this year, China’s currency has fallen back to earth. But while the currency may be taking a breather, investors shouldn’t, Citi said in a note.
Uncertainties about Beijing’s plans for the country’s stumbling economy are weighing on the yuan, which is also known as the renminbi or RMB. The yuan has cooled in recent weeks after hitting a record high in late May, when the U.S. dollar-yuan pair traded at 6.1211. Tuesday’s close put the pair at 6.1350………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36151 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

July 2014
S M T W T F S
« Jun    
 12345
6789101112
13141516171819
20212223242526
2728293031