The best thing for the renminbi is to remain stable here, but the recent rally to May levels certainly puts a damper on concern of renminbi declines here. The PBOC doesn't want to see the renminbi strengthen either, however, since it will hurt the export sector and facilitate dollar purchases by Chinese, who continue to diversify out of the renminbi.
BHP drunk on Anglo takeover
-
BHP going big: BHP is doubling down on its big bet on copper demand growing
exponentially in the global shift away from fossil fuels, with a bold
takeove...
No comments:
Post a Comment