What will be the impact of renminbi appreciation versus the U.S. dollar? Last time it occured against the backdrop of a weakening U.S. dollar and the result was inflation
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Hugh Hendry made the connection between yuan appreciation and oil appreciation.
Yuan and Oil—The Bubble Connection?
Here's a link to all the posts about renminbi. I have both count and counterpoint, some blogs discuss RMB appreciation and others depreciation.
If there is appreciation going forward, I anticipate gold, gold miners (plus other hard assets and hard asset producers) and SE Asian markets to perform well.
Renminbi depreciation would be a symptom of global deflation.
HKMA fines Hua Nan Commercial Bank HK$9m for Anti-Money Laundering breaches
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Source: HK Monetary Authority | Source date: 19-Apr-2024 22:23
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