Chinese Renminbi Hits 17-Year High vs Dollar, Appreciation Accelerating

Our Archive

Search completed

Chinese Renminbi Hits 17-Year High vs Dollar, Appreciation Accelerating

Despite repeated rhetoric from Beijing that the renminbi’s rise would be slow and orderly, this snowball appears to be gaining real momentum, as evidenced its past month’s performance versus the buck. Beijing is now admitting that curbing inflation is their top priority: China’s yuan traded near a 17-year high after the central bank reiterated its […]

Read More

How to Invest in the Chinese Yuan/Renminbi – Just Like Jim Rogers!

Looking to diversify your US dollar holdings into some Chinese yuan/renminbi? Now you can – thanks to the Bank of China, which is allowing US customers to deposit up to $20,000 a year: It’s not as crazy as it sounds. As The Wall Street Journal’s Lingling Wei reported Wednesday , the Bank of China here in […]

Read More

Categories