CNH, the Offshore Yuan, appreciated past 6.9 to 6.89. When I did this interview it was well above 7. Yuan appreciation will be one of the biggest stories this year.
The Yuan is one of the most undervalued currencies in the world. Its weakness cools be misconstrued as a strategic valuation to help Chinese exports. An RMB appreciation is likely to initiate a revaluation in Chinese assets, similar to the episode in 2005.
Yesterday at Bloomberg China Open 9:30am
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