Chinese yuan emerges as 'safe haven’ amid global energy shock, says economist
3:29
CNBC
Chinese yuan emerges as 'safe haven’ amid global energy shock, says economist
Paul Cavey, economist at East Asia Econ, says that the Middle East conflict that is affecting the global oil trade poses risks for net oil importers across Asia, but China appears relatively insulated. He notes how this could benefit the Chinese yuan, though currency appreciation is likely to be gradual due to cyclical considerations.
4 days ago
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