Saturday, June 11, 2011

Will the Yuan Gain 10 Percent Against the Dollar This Year?

Few doubt that the yuan, or renminbi (RNB) will continue to appreciate, relative to the US dollar. The question is, "How much, how soon?"

The level of the yuan is determined by the People’s Bank of China..for now.
And although I would never want too much of my savings to be in fiat currency, I'm going to continue diversifying what currency I do save by trading Federal Reserve notes for RNB!

To read an interesting article with more details about what the future may hold for the yuan - CLICK HERE!

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