| From Etftrends.com: Last week, China announced that it would allow its currency to float. Analysts and investors were anticipating the news for quite some time, as evidenced by the dramatic inflow of cash to WisdomTree’s yuan exchange traded fund (ETF). But the yuan may not rise as much as people think.
The Economist reports that China decided to increase the flexibility of its currency. But the announcement was a bit vague, as it also pledged to keep the RMB exchange rate “stable at an adaptive and equilibrium level.”.............................................Full Article: Source
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