But that's not supposed to happen! Everyone is thinking the Yuan will rise. CBC radio said this last night. Problem is, Europe is China's largest trading partner, NOT the US.
Europe has been implementing austerity measures, meaning they will exit this recession (depression) first...so China is moving their currency into position to re-align with this outcome.
This is speculation of course, as one day's movement does not make a viable trend, but it is logical!
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