A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP
A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Yuan strength reflects dollar weakness as much as China’s economic recovery

  • China’s economic situation justifies some degree of yuan appreciation, but there is more at play than just renminbi strength. Rather, the US dollar has been weakening against several currencies, and this suits American interests

A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP
A man walks past a money exchange shop decorated with different banknotes in Central, Hong Kong’s business district, on August 6, 2019. Photo: AP
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Neal Kimberley

Neal Kimberley

UK-based Neal Kimberley has been active in the financial markets since 1985. Having worked in sales and trading in the dealing rooms of major banks in London for many years, he moved to ThomsonReuters in 2009 to provide market analysis. He has been contributing to the Post since 2015 and writes about macroeconomics from a market perspective, with a particular emphasis on currencies and interest rates.