The Currency We’ll Be Watching in 2012
The Chinese yuan or ‘remninbi’ hit a record high against the US dollar on Monday amidst the strong volatility visible in the country through December. There is no doubt in my mind that there are going to be dire things happening in Euorozone currencies this year; this news of the Yuan is something that all U.S. Manufacturers should think about as it’s direct impact on us will be greater than all that Eurozone drama, in my opinion.