Chinese Renminbi, U.S. Dollar and ‘Hot Money’ Outflows

As China’s renminbi has been included in the IMF elite currencies and the Fed has started its rate hikes, conventional wisdom sees the RMB weakening and U.S. dollar strengthening as simple long-term trends. The realities are far more complex, however.

Dan Steinbock, Research Director, India China and America Institute via CHINA US Focus http://ift.tt/1JqBrAV