where the yuan is headed to

[N&J]

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

[Guest ShaQuaNew]

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.....

[b.c]

in 1980 it was 1.5 per dollar. I think we are eventually heading back there over the course of 10 to 20 years.

[rogerluli]

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???

[Tony_onrock]

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??

[Stepbrow]

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.