Yuan Peg Spurs Exports
October 23, 2009 at 13:30 PM EDT
[Skip to the end] If the yuan is ‘naturally’ stronger than that it means they are accumulating dollar reserves without the wrath of the US administration. This will encourage other potential exporters to do the same and help the dollar find a bottom. The Eurozone, however, remains ideologically inhibited from buying dollars yet is also determined to support [...]
