Stand by for carnage as the dollar keeps inexorably adding size....Godzilla photo: AFP
As the Japanese yen dives toward 150 to the dollar, investors are concerned less about events in Tokyo than in Beijing. Since 2016, Chinese President Xi Jinping has championed a “strong yuan” policy. That was the year the yuan scored a place in the International Monetary Fund’s special drawing rights basket. It put the yuan […]
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