Oliver's Insights - The Chinese Renminbi heading towards appreciation
6 April 2010 - This note looks at the outlook for the Chinese Renminbi.
The key points are as follows:
- Tensions between the US and China around the value of the Renminbi are escalating again.
- The most likely outcome is that China will allow a resumption of modest Renminbi appreciation of around 7% over the next year.
- On balance this is likely to be positive for China and for Australian mining stocks.
