The striking feature of the recent crisis is how Asian currencies are perceived as safe havens. Despite Japan’s domestic difficulties, the JPY has powered along rising to 79.8 against the USD at one point yesterday. The CNY would have risen as well were it not heavily managed – instead, the Chinese authorities have to deal […]
https://www.firstdegree.asia/wp-content/uploads/2018/04/logo.png00Timhttps://www.firstdegree.asia/wp-content/uploads/2018/04/logo.pngTim2011-06-24 07:18:232018-05-21 07:18:44The Yen and the Yuan
The Yen and the Yuan
The striking feature of the recent crisis is how Asian currencies are perceived as safe havens. Despite Japan’s domestic difficulties, the JPY has powered along rising to 79.8 against the USD at one point yesterday. The CNY would have risen as well were it not heavily managed – instead, the Chinese authorities have to deal […]