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January 17th, 2017, 16:36
#1
Re: The falling pound
I agree with arsenal. The RMB used to be fixed to the US$ at a rate of about 8.25. Despite Donald Trump's ridiculous statements, the currency rose to 6.15 last year. With the rebalancing of the Chinese economy, it has dropped down to around 6.92 or so. Eventually it has to go up but I'd wait a few months before plunging in. Some Chinese stocks purchased on the Hong Kong or US exchanges should also be in every expat's portfolio.
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