Korea Economic Slice: Chinese Renminbi Floats Again
Jun 29th, 2010 | By Rob | Category: Asia, Korea, Market Synopsis
June 24, 2010 -The moment that Europe and the U.S. have been lobbying for over the past nine months finally arrived, as China ended the rule based exchange rate “peg” of the Renminbi, or Chinese Yuan, to the U.S. Dollar. While the immediate implications of a floating Yuan are positive for Asia as a whole, the mid-term reprocussions of a stronger Renminbi may tell a starkly different tale. We’ll explain what a floating Yuan means to Korea investors. We will also preview and review several market moving reports, helping to give subscribers a better grasp of current economic health and prospects for growth here in the ROK…
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The Korea Economic Slice on KBC is produced by Korea Business Central (KBC) and independent analyst Robert Eberenz (DS Financial Market Analysis, President).
Offering a comprehensive weekly financial outlook, from macro-economic, geopolitical, and technical analysis perspectives, this report provides readers with real time, objective market analysis “from the ground” in the Republic of Korea.
