BFM Podcast
Chinese Yuan Not Spared From USD March
Chris Weston, Chief Market Strategist, IG in Melbourne
28-Jan-15 11:16
A strong USD and weak CNY may work out well for respectively the US and China.
Over in Europe, the money from the recently announced QE may have no where to go except into stocks and businesses. This may tie in nicely to the anti-austerity sentiment championed by Greece.
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RMB down against USD is good for China. Why?
Think of Chinese goods, think of Chinese holding in US T-bills.
2015-01-28 19:51