|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||26.52 - 26.80|
|52 Week Range||23.76 - 26.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.45%|
The Chinese yuan, or renminbi, is known as "the people's currency," and reflects the country's rapidly evolving financial and market-based policies.
This week’s trending ETFs are centered on global markets and currencies. Brazil’s economy has bottomed out over the last few years but shows signs of growth potential. MLPs have seen a slight uptick with large movements from oil and natural gas. With U.S. President Trump and Chinese President Xi meeting this week, the Chinese yuan has seen increased interest with talks of currency manipulation. European equities gained exposure with Brexit starting last week. As U.S. markets sell-off, volatility in the market is increasing.
The US dollar is expected to keep the yuan under pressure. Investors can probably expect a massive outflow of capital from China in 2017.
China's yuan, which has weakened in the last three years, is poised to extend the streak in 2017 as officials shepherd foreign reserves to shore up bad-loan-riddled banks.