Chinese Yuan strengthens against the US dollar
12 November, 2012, 21:24. Posted by Zarathustra
Almost a week after the US election where Mitt Romney, who wanted to name China a currency manipulator without considering the evidence, lost the election, Chinese Yuan first closed on a slightly weaker note last week, then strengthens. Chinese Yuan is now stronger than it was before the election, and PBOC’s daily fixing has also strengthened accordingly. So at least we now know that it probably has nothing to do with politics.
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About Zarathustra
Zarathustra: Founder and Managing Editor of Also sprach Analyst. Once an analyst, now an investor and entrepreneur. Based in Hong Kong, but Londoner at heart.