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Chart of the Day: January rise

Today, Chinese yuan rose by the most against the dollar, since last January. Today, the yuan is up 0.845 percent against the dollar. Last year it rose by 1.46 percent in a single day. We expect, just like the last year, …

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Chart of the Day: January rise
Chart courtesy - Bloomberg

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Today, Chinese yuan rose by the most against the dollar, since last January. Today, the yuan is up 0.845 percent against the dollar. Last year it rose by 1.46 percent in a single day.

We expect, just like the last year, yuan gains would be seen as an opportunity to short in the currency.

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