China Openly Pledges to Sink the Yuan vs. the Dollar
Friday, January 22, 2016 10:21
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by Mike “Mish” Shedlock
MISH’S Global Economic Trend Analysis
China Drops Dollar Peg
If China was really serious about doing what every major country in the world does, it would float the yuan.
On Thursday, I saw this MarketWatch headline: China Serious about Dropping Dollar Peg.
I was totally unimpressed after reading the article.
China will not do the one thing it has needed to do for decades: Let the Yuan float. China still insists on setting artificial pegs that the market openly mocks.
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Source: http://financialsurvivalnetwork.com/2016/01/china-openly-pledges-to-sink-the-yuan-vs-the-dollar/?utm_source=rss&utm_medium=rss&utm_campaign=china-openly-pledges-to-sink-the-yuan-vs-the-dollar
