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The Chinese Yuan set to appreciate over 100% once freely floated – Richard Olsen, co-founder OANDA
This week I had a chance to interview Richard Olsen, co-founder of OANDA, founder of Olsen Ltd and Olsen Financial Technologies. Richard is now focusing on high-frequency trading, financial software and research. I wanted to focus my interview with Richard on the recent developments in China – mainly the creation of an offshore market for Yuan (renminbi) trading. Q. Do you think the Chinese government will allow the currency to freely float? A. The Chinese government depends on exports more than we realize and therefore the situation is fragile. I believe that they will not let the currency freely float as ... (full story)
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