Re: Jim Rogers Buying the Yuan
Actually his trade all boils down to the rest of the G7 putting enough pressure on China to let their currency float freely. Once it comes off of an artificially depressed state, it has nowhere to go but up. Unfortunately China is going to fight the pressure of the G7 because once the currency floats and skyrockets in value, their export economy is dead.
Rogers knows the high up guys and he knows how much pressure can be put on China. He knows they will cave eventually. Good luck though being a small Forex trader and getting in on this yuan trade.
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