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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (48688)4/19/2004 12:44:42 AM
From: Cogito Ergo Sum   of 74559
 
Washington believes the Chinese currency, once unpegged, would be revalued and help spur a re-balancing of the US trade deficit with China, which was $125bn last year.
Another group pressing for change in the renminbi are speculators, who have poured hot money into China in the past year in the expectation that a currency revaluation is coming.

Would be terribly exciting if it was devalued LOL....
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