Fri, Nov 28, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Crossing China’s big red currency line

Posted on 21 March 2014

The big red currency has crossed a big red line. It might not be so scary on the other side. A year of steady appreciation in the yuan has gone poof in a few weeks, with the Chinese unit now crossing the 6.20-per-dollar threshold.
Market players have warned that breaching that level would trigger collateral calls on investment products that could unleash even more instability in the currency. Those products were sold when the yuan was stronger than 6.20—with herd-like consensus that it could only go in one direction………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38189 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30