The March of the RMB

I see the RMB is continuing its slow appreciation, undercutting at glacial Chinese water torture speed the complaints of Western protectionists. I would expect it to leap another 2% at some point this year, bringing it to 7.8 to the USD, or so. Investments in RMB of any sort are probably a good hedge over this year. The FT yesterday had a good article on the prospects for Asian currencies (up), and the RMB should definitely be at the forefront of any list.