Posted by: Armel | June 27, 2010

Forget the World Cup! The Renminbi is Floating again! No?

The Chinese Currency exchange rate was recently adjusted from it’s artificially fixed level. This move by the Chinese authorities only happened after much International outcry from the West. But what will the adjustment mean in the face of austerity measures all over Europe?

Quarterly numbers will probably say more than current velocity in the FX markets.

Armel Njeunou

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