I think the yuan will continue to appreciate against the US dollar alongside the other asian currencies, because China with its large reserves can basically force the other currencies in Asia upwards by buying them.
I don`t think China is terribly concerned about a 10 or 20% appreciation of the yuan versus the US dollar. But what they don`t like, is to be pushed around by someone like Mr. Obama.
in CNBC, September 27
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
