Chinese yuan’s newfound position as haven has yet to be properly tested, say analysts

In one of the more surprising twists this year, China’s currency is beginning to look like a haven. Two years after Chinese policy makers devalued the yuan, an act that torpedoed global markets, the currency is the best performer in Asia and momentum indicators are near the highest since 2005. Typical risk-off events seem only to heighten demand for the exchange rate. North …

Leave a comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.