So I will be traveling to China for the upcoming June holidays and would need some hard currency (RMB). From the chart, we can see in Nov last year, it breaks above nicely only to see it falters back to the 5.10 price range .........
Will history repeats itself ? China economy is improving quarter to quarter. We are just seeing the tip of the iceberg as China has just come out of its 3 years lock down. Imagine the amount of money that is held back and these Chinese are roaring to travel, to spend these money on food, themeparks, hotels, luxury products, cruises, duty free goods, etc.
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