The Renminbi Comes Of Age

The Renminbi Comes Of Age

China Throws a Quiet “Sweet 16” party Next year, China’s renminbi (a.k.a. yuan) will join the U.S. dollar, euro, yen, and pound, when it is added to the International Monetary Fun (IMF’s) Special Drawing Rights (SDR) basket – a supplementary...
Chinese Currency Adjustment

Chinese Currency Adjustment

Chinese Currency Adjusts Downward Stock markets in the United States got off to a good start last week, heading higher before stumbling over China’s currency news. China, which has one of the world’s largest and fastest growing economies, is experiencing a slowdown in...