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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (77170)	11/4/2007 11:10:27 PM
From: Archie Meeties	Read Replies (1) of 94695

"Now, as USD drops, currencies in some foreign countries that are tied to the dollar, such as Chinese Yuan, drop as well (the dollar peg)" FYI the Yuan isn't pegged to the USD. China abolished the dollar peg in 2005, uses a basket of currencies instead, but does not allow the Yuan to float freely. However the legacy that of the dollar peg still exists in the undervaluation of the yuan vs the usd. finance.yahoo.com The rest of your argument of course can't follow...that 'when the depegging occurs the dollar will drop to 40'.

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