Friday, March 21, 2014

FURTHER YUAN WEAKNESS?

Unlike Las Vegas what happens in China doesn't necessarily stay there.

That may be the fate of the Chinese currency if it weakens further. Concerns in the region about other currencies following suite to maintain their nation's export markets continue to trouble many in Asia.

So far this week the yuan has declined 1.2%, the biggest weekly drop since 1992.

http://www.reuters.com/article/2014/03/21/us-markets-global-idUSBRE96S00E20140321

No comments: