Economics
Scared of Kim? China's Yuan May Be Investors' Unlikely New Haven
- China’s currency has continued to surprise on the upside
- Yuan is Asia’s best performer this quarter amid Korea tensions
SBI's Endo Sees EV's at 5-10% of Market by 2025
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Two years after Chinese policy makers devalued the yuan, an act that torpedoed global markets, traders are starting to view the currency as a sure bet.
The yuan has surged 3.9 percent to be the best performer in Asia this quarter, while momentum indicators are near the highest since 2005. Typical risk-off events seem only to heighten demand for the exchange rate, making it act like a haven. North Korea firing a missile? Buy the yuan. Dysfunction in the White House? Buy the yuan.