Keep an eye on the following dollar index over next couple of weeks. A price of $84 is critical. If that support is broken, there just might be something to the devaluation of the Yuan.
Friday, December 05, 2008
China and Korea: Currency Devaluation?
What is the likely probability that China and Korea would devalue their currencies by 35% against the dollar? And, if these countries do devalue, what is the overall economic ramifications for the U.S.? Definitely not good!
Keep an eye on the following dollar index over next couple of weeks. A price of $84 is critical. If that support is broken, there just might be something to the devaluation of the Yuan.
Keep an eye on the following dollar index over next couple of weeks. A price of $84 is critical. If that support is broken, there just might be something to the devaluation of the Yuan.
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