CNY is down 1.39% and CYB is down 1.03% since December of last year. Any 1 to 2% appreciation is meaningless at this point.
All currency ETFs are tracked live on the Live Tracking sites.
Monday, June 21, 2010
China Unpegs Currency: Yuan ETFs
Much is being made about China's big announcement that it will let the Yuan float. While Professor Nouriel Roubini says that the move may backfire for the western world (and the currency may depreciate), China itself says any appreciation in its currency alone can not rebalance world growth and it is urging other major countries to implement more fundamental reforms.
CNY is down 1.39% and CYB is down 1.03% since December of last year. Any 1 to 2% appreciation is meaningless at this point.
All currency ETFs are tracked live on the Live Tracking sites.
CNY is down 1.39% and CYB is down 1.03% since December of last year. Any 1 to 2% appreciation is meaningless at this point.
All currency ETFs are tracked live on the Live Tracking sites.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment