China Revaluation Q.

[TheWolf]

Originally Posted by tdeketel

That's a very likely scenario mishak. But what will the effect be of this revaluation?

Let me quote today's issue of Black Swan Capital's "Currency Currents" to give you an idea of a possible scenario:

"Let’s say the basket is made up of equal parts $, euro, yen, for example. What if the dollar continues to appreciate against the euro and yen—after all, the fundamentals in the US haven’t changed and the yield differential favoring the dollar is set to grow? In this scenario, it would mean the relative value of the yuan declines against the dollar. Now wouldn’t that be interesting! That would make Chinese goods appear even cheaper on the world market. WalMart would be happy, but we don’t imagine Capitol Hill would be."

Interesting effect for the Chinese, isn't it .

Regards.

Don't think it'll fluctuate too much as there's only 3% flexibility right?

[psytrader]

Originally Posted by mishak

It is common knowledge that Chinese are more cunning then American.

All the blessings of liberty and none of the responsibility for defending it.

Spoken like a true Canadian.

Battre le main qui manger mauvais.

[fairwind]

"Battre le main qui manger mauvais" Translated by Babel Fish web site:
"To beat the hand which to eat bad" ?????? I dont get it?
Or is it "To bite the hand that feeds" ??

[psytrader]

Its not Italian,...people from canada speak french

Battre is french for lick

Baterre is Italian for beat or hit.

lick the hand that feeds you.

thats what dogs do.

An Italian would say

Senza ce tutto il mondo sarebbe picchiare selvaggiamente qualcuno di tu.

"without us, the whole world would beat the s*** out of you."

disinto saluti
PSY

[J327]

Chinese goods are going to get more expensive.