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To: Joseph G. who wrote (2484)7/10/1998 11:25:00 PM
From: Janice Shell  Respond to of 2563
 
J+

Yes, a devaluation of the yuan would be icky. First impact on the yuan itself, though. And then, of course, on the Hong Kong dollar. I don't think the renmimbi matters much. But what's the best play?

I think we have to ask Henry Volquardsen. He's lotsa fun, a currencies and interest rates derivatives MM, has a thread called "Currencies and World Capital Markets" (I think) that's extremely interesting. Check it out.

J


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