Currency speculation is picking up on reports of a possible Yuan revaluation. The Yen & Dollar are two currencies that are expected to benefit from a revaluation of the Chinese currency. Both curencies are viewed as a safe haven by investors. New Zealand and Australian dollars are expected to suffer from a revaluation because they are exporters of commodities to China.
To read a related Bloomberg article, please click here:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBu8ZvW712YA&pos=5
Jim Sutliff