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George Liu
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I am the Chief Financial/Economics Columnist of The Daily Political Review, a Monitored Contributor for FOREXPROS, a Seeking Alpha Certified Contributor, as well as a paid blogger for The Motley Fool Blog Network. I also currently serve on the Board of Directors for Ureka Co. Currently, I am... More
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  • The Yuan Part 3 0 comments
    May 30, 2012 2:33 PM | about stocks: FXY, CYB, DSUM, FXCH, JYF, YCL

    As noted recently in my article "The Evolution of Yuan Policy," China has been actively seeking to replace the dollar with the yuan as the reserve currency of the world. Recently, another development occurred concerning China's increasingly open policies surrounding the yuan. According to Reuters and Japanese Finance Minister Jun Azumi, Japan and China will start direct yuan-yen trade in the Shanghai and Tokyo markets starting June 1, skipping the U.S. dollar as an interim currency.

    Stocks: FXY, CYB, DSUM, FXCH, JYF, YCL
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