GLOBAL CURRENCIES GAME_ In Global Currency Game, China Is Losing to U.S.

THE WALL STREET JOURNAL

MARKETS - CURRENCIES

In Global Currency Game, China Is Losing to U.S.

Trade tensions could accelerate as currency remains propelled by dollar’s movements

Photo: An employee counts 100-yuan bills at a bank in Lianyungang, in eastern China. Photo: str/Agence France-Presse/Getty Images


By Lingling Wei in Beijing and Saumya Vaishampayan in Hong Kong
Updated Jan. 27, 2018 6:55 a.m. ET
24 COMMENTS

Fresh from its battle to defend the yuan last year, China’s central bank is looking at another: how to rein in its recent fast ascent.

Driven by an unexpectedly prolonged softening of the dollar, the Chinese currency has surged to around its strongest level against the greenback since its surprise devaluation in August 2015. The yuan is now on track for its best monthly performance since April 1980, rising 3% against the dollar so far in January.

...

READ MORE: https://www.wsj.com/articles/china-battles-to-rein-in-a-surging-yuan-1516963493

***

Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog"
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .

conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
29012018
___________
Cộng sản Việt Nam là TỘI ÁC
Bao che, dung dưỡng TỘI ÁC là ĐỒNG LÕA với TỘI ÁC