Let's face it, China has won, and will continue winning. But I'm guessing there is not a Yuan/Dollar trading pair? Any alternative way to bet on the Yuan easily?
The US lost by swinging economically to thel Left e.g. bailout of the airlines, bailout of the cities, more regulation and higher taxation in the future etc. etc.
Bottom line the US is shooting itself in the foot.
China FX regulatory body forming yuan futures trading pilot - newspaper
Reuters
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SHANGHAI, Dec 1 (Reuters) - The central bank-led operator of China's interbank foreign exchange market is forming a pilot for yuan futures trading and accelerating research on the new product, a state-backed newspaper quoted the head of the group as saying on Wednesday.
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