| The Chinese yuan is second only to the Russian ruble as the worst performing BRIC currency compared to the dollar. It’s down nearly 3% to the greenback this year, while the Brazilian real is up 6.3% and the Indian rupee is up 5.4%. Even the Mexican peso is doing better, up 1.12% against the dollar.
Yet, some pundits will have investors believing that the weaker yuan signals the ongoing decline of the Chinese economy. For them, the yuan’s days of strengthening are over as Beijing opts for a weaker currency to keep cheap exports flowing Westward...........................................Full Article: Source
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