Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RealMuLan who wrote (14972)	11/6/2004 10:34:06 AM
From: mishedlo	Read Replies (1) of 116555

Currency traders yesterday raised bets the yuan will gain, pushing forward contracts to a seven-month high. The yuan would rise to 7.917 against the dollar in a year if freely traded, forward contracts showed at 4:05 p.m. yesterday in Hong Kong, from 7.977 late in Asia on Nov. 4. The contracts allow investors to bet on the future value of a currency that is not fully convertible or hedge investments that are denominated in it. Message 20741180 Is everyone really positive of that? At any rate, "China's central bank said the country will further reforms to create a more flexible exchange-rate mechanism". Just exactly what are these reforms and how long will they take to impliment. After they are implimented, how long after that will China actually do something? Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next