China's Global Times take on why the yuan is surging against the US dollar
Its best not to pay any heed to those with religious political views but here is the GT FWIW:
- Chinese yuan's central parity exchange rate against US dollar rose 397 basis points to 6.7825 on Wednesday, the highest level since May 2019.
- The yuan is showing an appreciation trend as China's economy rises and the dollar is battered by coronavirus.
LOL. Tks guys.
Reprinted from Forexlive,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
-THE END-