Ahrenl
join:2004-10-26
North Andover, MA
 ·Verizon FIOS
| reply to supergirl
Re: High turnover rate
I'm afraid you're incorrect. The Yaun is worth less than the Dollar, they have been depressing the value, previously by pegging it to the dollar, and more recently by using a black box floating method, that is only slightly not pegged to the dollar. It is still appreciating more slowly than all other currencies compared to the dollar.
Congress had been threatening to enact large tarriffs on all Chinese imports if they didn't allow their currency to appreciate, this would offset how inexpensive Chinese goods are because their currency is so weak. |
