Thursday, August 13, 2015
Faber : The Yuan likely to weaken further
Marc Faber: It is likely that the Yuan, which has had been strong until recently, has turned the trend and here onwards, it will rather weaken. It would easily weaken from the recent peak by about 10%. We should not forget many Asian currencies and many emerging market currencies are down 30% to 60% over the last four years. - in ET Now
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki