Chinese Currency Leaps to Four-Year Record on  Biden Win  Beliefs

 
578Views 4Comments Posted 09/10/2020

Buoyed by a post-pandemic return to work — and the increasing confidence of investors that Joe Biden may win the U.S. election — China’s renminbi rose by as much as 1.2 percent on Friday, the largest jump in four and a half years.

A potential Biden administration, which is also gaining the confidence of U.S. markets, would be expected to be less antagonistic toward China. Meanwhile, key economic sectors are rebounding within the country, including holiday travel, which this past week rose to 80 percent of last year's pre-pandemic level.

Sources: FT,Reuters, Bloomberg



Comments 4

user
MHogan

Jamaica, your comment is offensive. You should learn to differentiate between the CCP and the people of China. They deserve our compassion for what they endure without a means of escape from oppression whilst you enjoy freedom. It’s like conflating all Americans of African descent with the Black Lives Matter organization; or if, in fact, you are a Jamaica Boy, referring to the majority who are considerate and downright nice folks to the few who are money-grubbing dishonest and who disrespect tourists. I’m not trying to be PC here, just being fair-minded in racial matters

19 days ago
user
Jamaica boy

The only Chinese to be trusted is the ones at the memorial park.

19 days ago
user
Jamaica boy

The only Chinese to be trusted is the ones at the memorial park.

19 days ago
user
Oh ya

Of course it will go up as the commies want to support the socialists dem party. Thechinese know biden will only be the president for about a week until he is send off to happy acres and the the bigger idiot will take over and they can control her better that slow joe as he would forget what they told him yesterday. And like she said the other day on day 1 biden will raise your taxes.

20 days ago
The comments are the responsibility of each author who freely expresses his opinion and not that of Newsroom Panama.
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