N&J Posted July 8, 2009 Report Share Posted July 8, 2009 start buying yuan or own chinese! China¡¯s central bank has limited the yuan¡¯s gains in the past year to 0.3 percent to help support exports during the global recession. The dollar may depreciate by 5 percent annually against the currency over the next two years, ING¡¯s Condon said. Simpfendorfer forecast the yuan will rise 5 percent to 6.5 per dollar from 6.833 by the middle of next year. The median forecast of 27 analysts in a Bloomberg survey was 6.7. http://www.bloomberg.com/apps/news?pid=206...id=aqA9QhRSNeqM Link to comment
Guest ShaQuaNew Posted July 8, 2009 Report Share Posted July 8, 2009 start buying yuan or own chinese! China¡¯s central bank has limited the yuan¡¯s gains in the past year to 0.3 percent to help support exports during the global recession. The dollar may depreciate by 5 percent annually against the currency over the next two years, ING¡¯s Condon said. Simpfendorfer forecast the yuan will rise 5 percent to 6.5 per dollar from 6.833 by the middle of next year. The median forecast of 27 analysts in a Bloomberg survey was 6.7. http://www.bloomberg.com/apps/news?pid=206...id=aqA9QhRSNeqM The movement to create a new world currency that is not based on the USD continues..... Link to comment
b.c Posted July 8, 2009 Report Share Posted July 8, 2009 in 1980 it was 1.5 per dollar. I think we are eventually heading back there over the course of 10 to 20 years. Link to comment
rogerluli Posted July 8, 2009 Report Share Posted July 8, 2009 in 1980 it was 1.5 per dollar. I think we are eventually heading back there over the course of 10 to 20 years. If that would be true then the Chinese better start buying a whole lot more of their own stuff than they do now because the western countries will not be able to afford to import Chinese goods...What was the size of the Chinese export market in 1980??? Link to comment
Tony_onrock Posted July 22, 2009 Report Share Posted July 22, 2009 in 1980 it was 1.5 per dollar. I think we are eventually heading back there over the course of 10 to 20 years. If that would be true then the Chinese better start buying a whole lot more of their own stuff than they do now because the western countries will not be able to afford to import Chinese goods...What was the size of the Chinese export market in 1980??? In 1980, the black market rate was 1:7. Well, some investment banks were writing swaps for a three year USD/RMB at 5% appreciation year on year basis in March 2008. Where is the counter party now?? Link to comment
Stepbrow Posted July 22, 2009 Report Share Posted July 22, 2009 The CCP doesn' allow the RMB to appreciate. If it did that would make their products more expensive. The Yuan will not be seriously considered as a contender until the CCP allows it to freely float on the world market. Link to comment
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