Open Demo Account
Home / Market Update / Forex Market / Biden Could Help Chinese Yuan Rise

Biden Could Help Chinese Yuan Rise

M. Ali 9 November, 2020 7:54 pm Forex Market, Market Update

Investment banks are expecting the Chinese Yuan to be among the gainers from the change of leadership in the United States, Reuters reported.

A Joe Biden presidency is set to see efforts to calm the rising trade tensions with China, which is expected to allow Beijing to let the value of its currency appreciate.

The Yuan is seen reaching its high levels recorded in early 2018, before the beginning of the trade war between the world’s two largest economies.

Tags

Check Also

Financial Markets’ Weekly Recap: Traders closely watch Fed’s signals

In this report, we take a look back at the latest five trading days with …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends