tag:blogger.com,1999:blog-17555522.post5314170522140227714..comments2008-01-29T06:54:03.436-08:00Comments on Next Big Future: China yuan breaks through another technical milest...bwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-17555522.post-4240128362261995142008-01-29T06:54:00.000-08:002008-01-29T06:54:00.000-08:00Yes, this is a symptom of dollar weakness, but the...Yes, this is a symptom of dollar weakness, but the Yuan has been holding steady and solidified against the euro as well. The chinese leaders are allowing the strengthening. Japan has tried to weaken the yen allow with the dollar and China previously was trying to slow the pace of strengthening. Now because of inflation at 6% or so in China and perhaps to counter the higher oil price China is following a course of a stronger yuan. China probably also believes that it is better for a controlled appreciation than to try to hold it and then get overwhelmed by speculators.bwhttp://www.blogger.com/profile/07541279438184352860noreply@blogger.comtag:blogger.com,1999:blog-17555522.post-67793823520204226832008-01-28T23:09:00.000-08:002008-01-28T23:09:00.000-08:00But isn't this more a symptom of the dollar's gene...But isn't this more a symptom of the dollar's general decline, than the Yuan in particular doing well?Tom Cravernoreply@blogger.com