The Role of CNY in Europe’s Retail Confidence Crisis
some charts showing USDCNY and European luxury equity (sort of ) relation:
[url]http://blog.gavekalcapital.com/?p=11698[/url]
Sum:
[QUOTE]As the yuan strengthened, Chinese customers bought more European consumer goods; conversely, as the currency has weakened, appetite for the latest Louis Vuitton handbag seems to have subsided[/QUOTE]
