Quote:
Originally Posted by Rich76_911s
Has anyone in this conversation mentioned the Yuan peg to the dollar? The Yuan is way undervalued relative to all other free market currencies. Is the US governments’ intentional devaluation of the dollar tied to that in any way?
Personally if I was going to attempt to trade currency I wouldn't touch Euros with a ten foot pole, give me Yuan. It is the only world currency undervalued. The Euro, Canadian dollar, they are all overvalued because the US is playing China's game. Personally I think it is frightening when Governments try to manipulate markets that are bigger than they are.
Rich
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the yuan is not valued like the other currencies are
the Chinese government set it's value, and they under value it , there is some political pressure on them to fix that... it ain't working they just go "blah" whenever it's mentioned
it's a major export advantage to them
and if the US forces the yuan to be revalued 40% plus, or slaps a 40% import tax on em
that would suck for wallmart
and for the American consumer
guess what will happen?