If China unpegs

Discussion in 'Forex' started by sKaLpZ, May 17, 2005.

  1. Economics, you have to print shit loads of paper money and throw it in the market to counter that natural pressure to make your currency rise. Sooner or later you drown under the flood you created.
     
    #11     May 17, 2005
  2. is this their way of crying "Uncle!"?

    China Expands Foreign Currency Trading in Shanghai

    "Trading is good so far,'' said Sun Qi, a trader at Bank of China in Beijing. Sun said the bank executed the first trade on the new system this morning, in the U.S. dollar against the Hong Kong dollar. He didn't give figures.

    That's because he hasn't met up with me yet.

    *wriggles eyebrows*

    fx
     
    #12     May 18, 2005