Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Alberta's Child

I see what you are saying now, as the US dollar rises against these other places like Indonesia's currency, so too does the yuan.


102 posted on 07/11/2005 10:03:26 AM PDT by ran15
[ Post Reply | Private Reply | To 97 | View Replies ]


To: ran15

And the same works in reverse, too. When the price of oil rose dramatically back in 2004, it was primarily the result of a weakening U.S. dollar against other currencies. So if the price of oil (in U.S. dollars) rose 30% while the Euro was gaining 30% against the dollar, then European consumers didn't experience any change in their oil costs at all. But China didn't have that luxury, since they've pegged their currency to the dollar. When the price of oil rises due to a weak U.S. dollar, then the price of oil in China rises, too.


108 posted on 07/11/2005 10:14:02 AM PDT by Alberta's Child (I ain't got a dime, but what I got is mine. I ain't rich, but Lord I'm free.)
[ Post Reply | Private Reply | To 102 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson