Woowwww Chinese Yuan appreciated %5 in one day!!!!

Sorry you are right

I was so excited

but anyhow that is huge

I guess oil prices will go up more and more due to Chinese' increasing purchasing power in international markets
 
Quote from misterno:

Sorry you are right

I was so excited

but anyhow that is huge

I guess oil prices will go up more and more due to Chinese' increasing purchasing power in international markets
More...

yesterday USD drop was X2 more than that..
 
A 0.5% appreciation is not huge in a currency that everyone knows has been deliberately depreciated for many years. Everyone also knows that they are deliberately allowing a controlled appreciation now.

Many are of the opinion that 50% gain would barely start getting close to the natural price of a floating RMB.
 
Quote from Grandluxe:

Oil is going to get cheaper and cheaper for China, Do you want China to get cheap oil?
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That is exactly my point

Coal, LNG and oil is getting cheaper and cheaper for Chinese, that means their consumption will skyrocket or even worse, it will accelerate.
 
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