How Can China’s Renminbi Deal With The Rising Dollar Risk?

(Before It's News)

Written by Dan Steinbock, Difference Group

In the long-term, Chinese renminbi enjoys strong prospects. In the short-term, it must cope with domestic and international pressures – and the US dollar as the new “fear gauge.”

Recently, the Chinese renminbi fell to its lowest level since late 2008. Currently, it trades around 6.88 to US dollar.

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