In what can only be called a dramatic change of direction, the upward move of
the Chinese yuan has caught a lot of investors off guard, as their attention, in
the currency market has mostly been on the Japanese yen, once it implemented a
policy to drive down its value.
Meanwhile, the yuan has moved strongly in the opposite direction,
strengthening against the U.S. dollar in a meaningful way since the beginning of
2013.
More on strength of yuan
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