Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (35494)	6/29/2003 1:05:27 AM
From: Snowshoe	Read Replies (2) of 74559

CB, the pressure is on for China to revalue it's currency upward compared to the US dollar, not to devalue it. Right now China's currency is artificially pegged to the U.S. dollar, and therefore falling along with it compared to other currencies such as the yen. This imbalance is creating stresses and strains. But that's about as much as I know. Thinking about more than once currency gives me a headache. -Snow

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