Thursday, April 8, 2010

China To Announce Yuan Currency Policy Change, But Trade Deficit Looms

We have talked about the Yuan for weeks. This just in, from the NY Times:

“The Chinese government is set to announce a revision of its currency policy in the coming days that will allow greater variation in the value of its currency combined with a small but immediate jump in its value against the dollar, people with knowledge of the consensus emerging in Beijing said Thursday.”

We track all currency ETFs live here.

The chinese ETFs are CNY and CYB. Both have gone nowhere since Jan 2009:

Will this finally change, even though China is about to announce a trade deficit?

Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics