Analyst Predict that China Is On The Brink Of A Yuan Revaluation
Societe Generale’s Glenn Maguire and Wei Yao are predicting that China will make a fairly prompt move of the yuan to about 6.0 to 1 US dollar from today’s 6.49 A 5% move would take the yuan to 6.17 to 6.2 and then another 2-3% would go to 5.98 to 6.0. China’s quantitative approach to …