As the USD/CNH inches towards 7, and the yuan hits a 22 month low, I believe we will see a major correction triggered by the upcoming US Reporting this Friday.
Please remember the yuan does not float and the country has complete control of the re/de-valuation of its own currency. China has been known to manipulate their currency in either direction when the yuan's strength is hindering economic development and purchasing power.
Please remember the yuan does not float and the country has complete control of the re/de-valuation of its own currency. China has been known to manipulate their currency in either direction when the yuan's strength is hindering economic development and purchasing power.
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