People shop for Lunar New Year decorations at a market in Qingdao, in east China’s Shandong province. Chinese exporters may have converted overseas revenues into yuan in time for the festival, which could be behind the spike in the US dollar-yuan exchange rate. Photo: Xinhua
Opinion
Opinion
Macroscope
Will the Year of the Pig rein in Chinese yuan bulls as the seasonal boost ends and trade war reality kicks in?
- Neal Kimberley says despite the Chinese currency’s strong start in January, the uncertainty over US-China trade negotiations and the possibility that Chinese exporters were behind seasonal demand for the yuan should give investors pause
People shop for Lunar New Year decorations at a market in Qingdao, in east China’s Shandong province. Chinese exporters may have converted overseas revenues into yuan in time for the festival, which could be behind the spike in the US dollar-yuan exchange rate. Photo: Xinhua