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12-01-2015, 11:38 AM
Now that the IMF has endorsed the yuan as a reserve currency (joining the dollar, euro, pound, and yen), I'm setting an over/under of 3 weeks for it's devaluation.

The yuan looks moderately overvalued, particularly against other Asian currencies, and China has delayed taking action in anticipation of this move. This will be good news for Chinese growth when it happens.

Robert Goren
12-01-2015, 02:22 PM
Trying to out guess Chinese politicians can be a very costly experience. There are a lot factors at work there. Do what is right for the nation is not always a consideration in currency wars. If it were, the US would have devalued it currency a long time ago.

ebcorde
12-03-2015, 09:47 PM
why the yuan? it is the easiest currency to counterfeit. I just don't get it

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12-04-2015, 04:53 PM
why the yuan? it is the easiest currency to counterfeit. I just don't get it

I think the IMF was looking at factors beyond this.