(EnergyAsia, August 15) — The revaluation of the Chinese renminbi (RMB) could be positive for commodity and energy stocks, according to Merrill Lynch analysts. On July 21, China revalued its currency by 2.1% to RMB8.11 against the US dollar. The analysts said the revaluation could provide a stimulus to China’s investment sector because it…
MARKETS: Analysts see some upside for energy stocks from RMB revaluation
Posted on August 15, 2005 by EnergyAsia