Re: Old man dollar getting weaker by the minute.... Life support soon?

PeterL <po.ning@xxxxxxxxx> wrote in
news:a0af2150-2fe7-4f0d-9342-ea8e24725d73@xxxxxxxxxxxxxxxxxxxxxxxxxxx:

On Nov 25, 5:55 pm, ausound <auso...@xxxxxxxxxxx> wrote:
PeterL <po.n...@xxxxxxxxx> wrote in news:9b098d3e-c51b-4462-9e7f-
eba4d6ff3...@xxxxxxxxxxxxxxxxxxxxxxxxxxxx:

And yet the dollar is still trading higher than earlier this year.
 I am not saying it's going to remain so.  But all of these have
been factored in.

the chinese UNPEGGED the REN from the dollar
let it float a little bit

the "REN"? What currency is that?

ooh my bad

the coloquial for the renminbi is REN
the proper abreviation in English would be RMB
china has two currencies
the renminbi is the chinese currency which is compared to the dollar
currently 6.8231 to the dollar

http://www.corporateinformation.com/Currency-Exchange-Rates.aspx?c=156

this is a must read:
http://www.clevelandfed.org/research/trends/2008/0208/01intmar.cfm


the currency game of "chicken" the USA was playing
made them blink
now the dollar rises with the REN
perhaps some of that dollar strength comes from short covering
folks short the dollar are recognising their EXCELLENT play has run
it's course and are booking profits
by buying to cover



I am hearing short term Euro rates of $1.50+++ the yen at 60. ÿOn
fundies, the dollar has no reason to be strong right now.

You are "hearing"?

of course he's hearing
the voices in his head
funny thing... when he goes out for chinese food they talk with an
accent and after a 12 pack
the voices slur their words



.

Relevant Pages

  • The Chinese Disconnect - Krugman
    ... The Chinese Disconnect ... the rest of the world economy. ... The value of China’s currency, unlike, ... In fact, the system served China ...
    (sci.econ)
  • Re: Why Bush Sucks
    ... WASHINGTON -- The Bush administration has declined to cite China for ... largest deficit ever recorded with a single country. ... undervaluation'' of its currency compared with the dollar. ... The report noted that the Chinese currency, the yuan, has risen in value ...
    (rec.audio.opinion)
  • Re: Chinese to dump their dollars
    ... Assume the US dollar is valued right but the currency ... value of their currency will rise because of the foreign cash they ... Then let's say the Chinese start buying up US treasury bonds like there's no ...
    (rec.crafts.metalworking)
  • Re: intrinsic advantage of Latin alphabet over bopomofo (for Chinese)??
    ... Why are the Chinese so arrogant as to ... The name of the currency is Renminbi: http://en.wikipedia.org/wiki/Renminbi ... The unit of currency is Yuan. ...
    (sci.lang)
  • Remember?: What could China do to the American economy if they traded their dollars for Euros?
    ... The Chinese are getting ready for war with the U.S. the only ... The Chinese gov't got that money to invest in US dollars by borrowing ... American economy? ... Imagine a much smaller economy that had borrowed its local currency to ...
    (sci.econ)
Loading