The year of the Chinese yuan
After an initial devaluation from 6.2 levels against the dollar, the yuan settled at close to the 6.4 mark, and then remained around there till about December
The Chinese New Year, which kicks off on 8 February, is around the corner. Astrologically, it’s the year of the monkey. As far as the markets are concerned, though, it may as well be the year of the Chinese yuan.