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re: The negative side effects of a stronger/increasing currency

Posted on 11/14/12 at 2:02 pm to
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8973 posts
Posted on 11/14/12 at 2:02 pm to
quote:

Don't they keep it at 1/10 of the dollar constantly or something like that?


China does devalue its currency through a number of methods to keep its export market strong. As a sovereign nation its a choice they get to make which also has implications on things like fuel, vehicles, etc that China imports.
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