Foreign exchange is relative. If the yuan weakens against the dollar, the market is making a judgment on the appeal of both currencies. Photo: Kyodo File photo taken July 5, 2018, shows U.S. dollar and Chinese yuan banknotes. (Kyodo) ==Kyodo
Opinion
Opinion
Macroscope
Will the yuan weaken further or bounce back next year? First, work out how strong the US dollar and euro are
- Neal Kimberley says the yuan might not weaken, despite China’s slowing economy and the trade war. Foreign exchange is relative. For the yuan to weaken, the market would also be making a judgment about the appeal of other currencies
Foreign exchange is relative. If the yuan weakens against the dollar, the market is making a judgment on the appeal of both currencies. Photo: Kyodo File photo taken July 5, 2018, shows U.S. dollar and Chinese yuan banknotes. (Kyodo) ==Kyodo