A 10 yuan banknote is displayed on top of US dollar bills in this illustration taken on February 14. Markets instinctively recognise that the yuan still faces major headwinds. Photo: Reuters
A 10 yuan banknote is displayed on top of US dollar bills in this illustration taken on February 14. Markets instinctively recognise that the yuan still faces major headwinds. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Soaring US dollar may be levelling off but a yuan rally isn’t on the cards

  • The fact markets are less enamoured with the US currency than in recent months won’t be enough to send the yuan soaring
  • There must also be reasons to buy China’s currency, and those are still lacking amid continuing lockdown measures and sluggish growth

A 10 yuan banknote is displayed on top of US dollar bills in this illustration taken on February 14. Markets instinctively recognise that the yuan still faces major headwinds. Photo: Reuters
A 10 yuan banknote is displayed on top of US dollar bills in this illustration taken on February 14. Markets instinctively recognise that the yuan still faces major headwinds. Photo: Reuters
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