Monthly Archives: June 2011

Yuan coming out party 元 上升

Is the Yuan the new world reserve currency of the future? The Renminbi is gaining momentum and is headed in that direction but it would be premature to say it’s a done deal.  Assuming there are no major catastrophic surprises that would derail China’s current economic path it may eventually reach that status. There are some underlying issues within China that may potentially pose severe problems down the road but the impact of these complications are unknown. The declining U.S. dollar and stumbling Euro reinforces powerful evidence for the Yuan’s rising value that affirms China’s expanding opulence. The U.S. dollar has made recent gains due to the drama in Greece but strong U.S. economic growth and an effective plan to reduce debt is the recipe for the dollar to remain mighty long-term.