Yuan support around Trump’s visit?





© Reuters. Yuan support around Trump’s visit?

  • Currency strategists and traders say China is leaving nothing to chance in the next week’s visit of President trump, and is likely to prop up the value of the yuan, a regular target during last year’s campaign for the White house.
  • Beijing has allowed the currency to rise more than 5% against the US dollar this year after it plunged to around 6.5% in 2016, thanks to tighter management of capital outflows and the weakness of the greenback.
  • ETFs: FXI, ASHR, YINN, CAF, EWH, KWEB, YANG, CYB, GXC, FXP, PGJ, MCHI, HAO, CQQQ, TAO, CNY, CHIX, PEK, CHIQ, CHN, TDF, KBA, QQQC, ASHS, XPP, CNXT, CHAU, YXI, CN, FCA, YAO, CHAD, GCH, CXSE, JFC, FXCH, CHII, CHIE, ECNS, AFTY, KFYP, CHIM, EWHS, FCHI, CWEB, FHK, ASHX, CNYA, HAHA, CNHX, XINA, KGRN, OBOR
  • Now read: bonds And Soft data from China

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