A Strengthening Yuan?

With Chinese factories seeing their share of economic problems (AllRoads), the Chinese government seems to be slowing the appreciation of the RMB relative to the USD. In fact in the past week, the value of the RMB has fallen relative to the USD (ChinaStakes): "The rate of RMB against the USD opened at 6.8163 last week, and closed at 6.8420, slumping by 257 basis points."

That said, it's interesting to note that in the last year, while the USD has depreciated relative to the RMB from 7.57 /USD to today's 6.86 (Oanda), the Euro has actually risen relative to the RMB from 10.33 / EUR to 10.69 which bolsters the argument that it's really not the Chinese who have been manipulating their currency.