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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2436)	1/8/2004 8:13:14 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Dollar war: Is Europe the patsy? Floyd Norris/IHT International Herald Tribune January 08, 2004 What happens if the world won't let the dollar fall? That question may sound odd given the run of headlines about the plunging dollar, but the reality is that the dollar is still strong where it counts. And that is bad news for Europe. Since the end of 2001, the dollar is down 30 percent against the euro. But against a basket of currencies — weighted by how much each country contributes to the American trade deficit — it is down just 6.5 percent. The reason is that not all countries play by the same rules. Only a few are willing to allow their currencies to trade freely. China, which has the largest trade surplus, $123 billion in the latest 12 months reported, fixes its currency value against the dollar. So far it has turned away U.S. suggestions that it change that policy. iht.com =========================== So even if China revalues Yuan, might only be able to do this meaner 6.5%<g>