Increasing bets on the rise of the Chinese yuan

The CEO of “Urzon Capital”, Stephen Jin, expects a significant increase in the value of the Chinese yuan against the US dollar, in light of the pressures that Beijing is exposed to to allow its currency to rise.

The value of the yuan increased by 2.4% against the dollar this year, but it declined against other currencies due to the largest decrease in the value of the dollar in other markets. This created an impression by reducing a opportunistic value, ”which Jin said would lead to a reaction from China’s main commercial partners. A more reasonable price for Al -Ranminbi and the policy of a less exploited exchange rate that would gain China some confidence from the rest of the world.