⌛ Chinese currency policy

China has for now withdrawn its hand at artificially devaluing its currency.. What does this mean and what effect on other currencies will it have??? 2 days ago the report was that asian markets were up in value and the next day the US dollar was down in value when changed for pilipines currency.. Yesterday the report was that China has stopped deflating its currencies and now chinas products will cost more..The next day(today)the US dollar exchange for Pilippine piso has risen back up through yesterdays stronger asian market. The long term effect of this must be to the benefit of the US dollar and market because its the US Government that insited that china do it..Will prices go up in the pillipines because of this.It seems that eventually they will..

 

All exports out of china will cost more every were. a move in the write move who knows ./// maybe china should bite the bullet and float the yen .

 

The dollar generally rises on bad news in the world economy as people run from risk and go to the dollar. The opposite happens in times of more certainty. The troubles in Europe seem to have been a bit quieter lately (though certainly not going away anytime soon) so the dollar has been dipping a little.

I doubt the Yuan will make any big moves in the near term, but I also don't think a rapid rise in the Yuan will create huge inflation here. The markets will adjust to increased prices. If the Yuan starts going crazy then more of the products we buy here will likely be from other lower cost SE Asian countries such as Vietnam. Just as the U.S. work-force moved up the value chain and shipped low skilled jobs to India / China, so will China move up the value chain and ship jobs elsewhere.

 

the US Dollar dropped in value today against the philipine piso ,I didnt hear any news about why but the drop is only a loss of the everything gained in the last month as in 1 piso and 30 centavos just about.. I'm in the US now for another 4 months+ b4 i return dumaguete so maybe it will be in my favour then..But yeah it is the long term price increase and related effects into the philippines that I'm wondering about,I just cant see what will happen? I do believe what the dude man said about the price rise being not significant..I wpould love to spend some time in Vietnam,the food is the better advantage in vietnam and thailand,. No real effect in the US economy but the prognosis is it will help the US economy recover..The real estate market here is still diving to the ground..It crashed the banking system here,broke the federal reserve and is still dropping until i guess the poor people will be able to afford mansions??

 

Could be worse. We could be seeing the sort of fluctuations that just about any other currency has been seeing. I wouldn't want to be holding Euros or Pounds. Luckily the Peso seems to stay relatively stable to the dollar.

 

Oh I do belive its a good thing that british money is paying for the oil spill (the worst in history a hundred times over and over every day pushing the record to nightmare levels)The economy is so maxed to its breaking point that the oil disater is a big worry where even if british petroleum pays it all,they may not be able to stop it in time b4 it does catastrophic damage on a global scale..Its a bad time to have worse thing coming up.What is the worst thing any way??

 

Whoa there broadside I express opinion and maybe some error but its good to note that I don't put or carry the same emotional gripe about the british or you and am careful not to over look the details of exxon valdez and it is the measure against valdez disaster that shows British petroleum disaster to be 100's of times greater than the ones you mentioned..I worry about american greed which extends to europe also and it is a british company run by british executives by there own request to charter american resources contracts.It is abritish man?CEO that is anserwing to the american query as to why they have plagued america with an oil spill that does exceed exxon valdez..I'm not knocking brits I have many friends in UK,best friends father used to be an ambassador to UK in the early 80's and visited there myself(I had to leave because ther were racial riots in london at the time),,Please try to understand that I dont imply the gripe you seem to think I do,I am looking at what i can see if at best with some errors like we all do,and then with a hope to see things better for all people involved in this mess..Oh I'm having a good day wishing well to you and all and dont fell "mad" about any of this,Maybe afraid but not "mad" I Will return to dumaguete soon for the things I do like about it and will go back to hawaii for the things i like about it.

 

actually its the share holders who will pay for this mess, majority share-holders being yanks :p

 

Can we Stop calling this Company "Britsh Petrolum." It has been " BP" now for over 10 years since the British lost Control, It is Multi National with a staggering 27% stake held by Kuwait.