Buy the Chinese yuan if you can, as the currency’s value will surge over time, said Jim Rogers, Chairman of Rogers Holdings.
“I expect the renminbi to double, triple, quadruple over the next few decades,” Rogers said on CNBC. “Just as the Japanese yen…went up 400% over the past few decades against the dollar, the renminbi [...]
March 24 (Bloomberg) — John Taylor, chairman and chief executive officer of FX Concepts LLC, talks with Bloombergs Betty Liu, Jon Erlichman and Adam Johnson about prospects for the euro, dollar and yuan, and investment strategy for currencies. Taylor, who oversees the world’s largest currency hedge fund, says investors should buy Asian currencies and sell [...]
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