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Commodities Briefing - Categorized | Currencies, Market Moves more

Will China devalue the yuan?

Posted on 11 February 2009

From Investorschronicle.co.uk: World trade has collapsed. Industrial production in, and exports from, Asian countries such as Korea, Taiwan and Japan have fallen by mind-boggling amounts, causing sharp slide in currencies like the Won and the Taiwanese dollar.

This in turn has made Chinese exports more expensive in relative terms. At the same time, officials in the incoming US administration have protested that the Chinese currency, the yuan, is being deliberately manipulated….. Full Article: Source


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This post was written by:

VRS - who has written 37718 posts on Opalesque Commodities Briefing.


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