Chinese Renminbi

Back in early 2000’s we considered such a warning as either total hogwash, or at the least a bit of hyperbole.

A slew of Western investors and traders who placed bets in the past two years that China’s yuan currency would drop because of a weaker Chinese economy, the threat of a debt crisis, and capital outflows, abandoned those positions in recent months.

It was a mixed trading day for Asian session traders, as equities and risk sentiment saw a bit of recovery while commodities and comdolls continued to take hits

China’s yuan firmed against the U.S. dollar on Friday, on course for its fifth straight winning week, buoyed by rising corporate dollar sales and sustained strength in the country’s exports.