Monday, May 27, 2013

Time to get out of the yuan as US dollar to rise as QE works





Unnerved by the volatility in financial markets last week, two readers asked Monitor whether it was time to get out of their yuan-denominated investments.


At first it might seem strange that an abrupt correction in the Japanese stock market, which fell 7 per cent on Thursday, should prompt people to question the outlook for the yuan, which has climbed 2 per cent against the Hong Kong dollar so far this year and offers a superior yield.









via Business feed http://www.scmp.com/business/article/1246813/time-get-out-yuan-us-dollar-rise-qe-works

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