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A stronger renminbi is on Obama's and Romney's wish list; can this be in the interest of the American consumer..?
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A stronger renminbi is on Obama's and Romney's wish list; can this be in the interest of the American consumer..?

11/02/12


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A stronger renminbi is on Obama's and Romney's wish list; can this be in the interest of the American consumer..?

Permalink 07:05:39 am, by editor of MarketObservation.com Email , 119 words   English (US)

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Categories: Economics United States, Economics Global, Economics Asia

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Axel Merk and Nick Reece of Merk funds have some good thoughts in their latest newsletter:

"American consumers (and Chinese exporters) have been subsidized by the artificially weak Chinese currency, to the detriment of Chinese consumers who have faced stunted purchasing power. However, we believe this dynamic will continue to change and suggest that a stronger RMB is very likely not only on Bernanke, Obama, and Romney’s wish list, but increasingly in China’s own interest. That would mean the tables getting turned on the American consumer." Source: Merk Funds

Read the Newsletter here:

Axel Merk Funds: U.S. of A(sia) - United to Weaken the Dollar?! Axel Merk & Nick Reece, Merk Investments

Keywords: Currencies, Exchange Rates, Renminbi, RMB, US Dollar

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