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  1. sob

    YUAN to overtake USD

    US is not intentionally weakening the Dollar, though they would like to have a weaker Dollar as it helps their exports and second as they have stopped Oil imports a weaker Dollar does not impact negatively. However due to the absence of strong data from the US economy and looking at the sluggish...
  2. sob

    YUAN to overtake USD

    George Soros is the big guy in Forex Trade and has been blamed by many countries for their own weaknesses, notably the crash of the South East Asian currencies towards the end of the 1990s. As he had predicted in 2009, China has been given larger Voting Share in IMF, now Yuan is part of the...
  3. sob

    YUAN to overtake USD

    If you see the real value of Yuan would be much stronger than the nominal value of 1:7 ( Dollar to Yuan) that is pegged by the Chinese central bank. The data from China is highly suspect while the data from the US is more less without any manipulation or doctored. As long as this situation...
  4. sob

    YUAN to overtake USD

    Stop spreading fake news. China is not realising a new currency, rather they are introducing a new Yuan Gold Benchmark for Gold Prices. In simple terms China is going to Fix price of Gold in terms of Yuan and not Dollar. As the worlds largest importer of Gold they are flexing their muscle. But...
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