Will or Won’t the RMB-Greenback Rate Dip Below 6-.docVIP

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Will or Won’t the RMB-Greenback Rate Dip Below 6-.doc

Will or Won’t the RMB-Greenback Rate Dip Below 6-

Will or Won’t the RMB-Greenback Rate Dip Below 6?   THE Renminbi entered 2013 with gusto, the spot Yuan/US$ rate hitting 6.2216 – strongest since Chinas 2005 exchange reform and also a 19-year high. This market hotspot might presage a rate lower than the RMB 6 benchmark. The exchange rate reflects the external value of China?s currency and hence influences its international trade and investment. It is in effect the country?s financial link with the world. China is presently the world?s largest exporter and second largest importer. It is moreover the main destination for global investme

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