Fri, Sep 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

The yuan is falling, but only because Beijing wants it to

Posted on 03 March 2014

It is hard to fathom quite why so many people have been surprised by the recent fall in the value of the yuan. Over the past couple of weeks, the mainland currency has fallen 1.3 per cent against the US dollar.
That might not sound like much, but for the yuan it is the most abrupt decline since its 1993 devaluation, and it confounded legions of analysts and investors who had confidently expected the currency’s strengthening trend to continue uninterrupted. Their confidence was misplaced. Despite all the talk about internationalisation and a greater role for market forces, the yuan remains neither fully convertible nor freely floating………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 42229 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
September 2015
S M T W T F S
« Aug    
 12345
6789101112
13141516171819
20212223242526
27282930