Until recently, the Chinese Yuan was officially pegged 1 to 1 with the U.S. dollar. Then they got Bernacked and were forced to cut their currency loose, hence a differential that can be hedged.
Another nail in the coffin is a perfect analogy for the dollar's impending collapse.
2 posted on 07/10/2011 9:04:57 PM PDT by Zakeet
(The Wee Wee's real birth certificate got shredded with his Rezko mortgage records)