I’ve piddled around in currencies with some success and have looked into Renminbi. I’m not a trader, have no FOREX account, I’ve done it via short term currency CD programs. The bar is pretty high to get into RMB via these programs, $80,000 minimum last I checked. That say to me that there is demand.
But, I have difficulty in trusting a currency coming from a command economy with more than just a trace of communism remaining in it. Dollar strength will put a damper on such expectations too, odd as that sounds given all the recent QE profligacy. So, I don’t know about all that, it’s no sure thing.
China as an exporting economy has a lot to lose with a strong currency. Japan could tell them a thing or two about it.
Maybe.
they dream.
ChiPing