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Strategies & Market Trends : John Pitera's Market Laboratory
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John Pitera
sixty2nds
The Ox
To: The Ox who wrote (17550)1/7/2016 7:44:27 AM
From: Elroy3 Recommendations  Read Replies (1) of 33421
 

There were years of propping up their currency and nearly constant cries from the west about the situation.

I think you have that backwards.

There were years of complaints from the West that the Chinese were keeping their currency value too low, thus unfairly helping them with their manufacturing cost advantage. Their efforts to push it lower now is probably an effort to kickstart their economy by again lowering their manufacturing costs.
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