Archive for March, 2012

Reuters: Analysis: Turning point in the currency war

What’s more, Stephen Jen of hedge fund SLJ Macro Partners said if you look at the 15 percent wage inflation in China of recent years rather than more modest goods price inflation, then the yuan may already be at “equilibrium” and more two-way risk is in store. “It’s no longer clear the yuan is undervalued.” [...] Read more of this news item