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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Taikun who wrote (40670)	3/23/2005 11:27:15 PM
From: Tapcon	Read Replies (1) of 206321

RE: RMB When China does move away from current fixed peg, there is discussion that there are a number of different ways they could go: create a broader band and still stay pegged to US buck; peg to a basket of currencies, not just the US buck. The latter is interesting, because as you noted earlier, RMB could fall against many other currencies. China has large trade surplus with US, but with many other countries, including Japan, Mideast and others (Aus?)China has trade deficit. One other significant aspect of the re-peg, when it occurs, is that China will not be compelled to be as active in the US treasury auctions. Their reduced participation would cause interest rates in US to rise.

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