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eugenekop
12-04-2010, 11:38 AM
Do you think the Chinese currency will increase or decrease in its value in comparison with other currencies (like Euro/Shekel/Yen/Rupee)?

Thanks guys.
Mike4Freedom
12-04-2010, 11:40 AM
If they get rid of there peg to the dollar it will appreciate against a lot of currencies for a while.

I think the euro is doomed and will die out maybe even before the US dollar.
Jordan
12-04-2010, 11:49 AM
It has already appreciated by 25% since 2006. Probably still more room for growth, though.
Seraphim
12-04-2010, 11:49 AM
Do you think the Chinese currency will increase or decrease in its value in comparison with other currencies (like Euro/Shekel/Yen/Rupee)?

Thanks guys.

I think it will appreciate in the long run. I would also not be surprised to see them be the first to officially peg their currency to gold in some way. This would send the remimbi flying upwards.
eugenekop
12-04-2010, 05:20 PM
Hmm, and what about the Hong-Kong dollar? Do you think it will appreciate as well?
eugenekop
12-05-2010, 02:37 PM
No idea about the Hong-Kong dollar ? :-)
Cowlesy
12-05-2010, 02:45 PM
My uneducated opinion is that the HKD will move about the same as the CNY. Don't think you'll end up with much more proportionate disparity than you already have.
eugenekop
12-05-2010, 02:52 PM
Well from what I read here: http://www.businessweek.com/news/2010-04-13/hong-kong-dollar-peg-to-hold-as-asia-allows-gains-options-show.html

The HKD is pegged to the American Dollar. Now since American Dollar will probably depreciate and possibly a lot, then I guess HKD will also depreciate. Don't you think?