Go here to read the full analysis: China is pegging the CNY to the USD once again.
Thursday, 10 May 2012
China pegging CNY to USD once again
Posted on 02:30 by Unknown
Since the European crisis, which started end 2011, the Chinese have been reverting their policy once again. Basically, they are pulling their money out of Europe and putting it in the United States. China is already starting to stop buying European debt. Instead they are accumulating U.S. debt and gold.
Go here to read the full analysis: China is pegging the CNY to the USD once again.
Go here to read the full analysis: China is pegging the CNY to the USD once again.
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