And one would expect that the euro would appreciate given the fiscal spend that we are seeing coming out of Europe, especially on defense and especially from Germany. The other thing that's happened, We have seen a substantial depreciation in the Chinese currency, the RMB versus the Euro. So I believe that's down about 11, 11.5% on the year. and it's just hit an all time low. So you know, I don't see people waving their hands in the air about the Chinese currency depreciating. (12:36–12:48)
CLAIM
Asserts that the Chinese currency has depreciated by about 11-11.5% against the Euro this year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
