The dollar has been on an absolute tear recently. And, in the last four years, it's appreciated by 25% on a trade-weighted basis (compared to the countries the US trades with). Almost every country in the world has contributed to that, except one: China. Here's how that looks, with a chart from Deutsche Bank analysts on Friday: The Chinese renminbi is pretty much the only major currency that has appreciated against the dollar over this period. More recently, it's declined against the dollar, but over the past 10 years the Chinese currency has appreciated considerably. In fact, here's how the dollar-to-renminbi exchange rate has slumped during that period: Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy
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