Free Republic

America ten percent cheaper since January The strength of the Swedish krona against the dollar means that America is ten percent cheaper now for people earning in Sweden than it was at the beginning of the year. Successive interest rate rises in Sweden, while making life more expensive for people with mortgages, have led the krona to rise significantly since January. A dollar now costs 7 kronor, 11 percent down on the beginning of the year. Many other currencies have also weakened against the krona. These include the Japanese yen, the Chinese yuan, the Hong Kong dollar and the Indian...

It seems like no one wants to leave the Chinese alone when it comes to revaluing the yuan. Here is some news that I am sure the Chinese would like to see spread all over the pages. The Russians say their economy is not ready to introduce the idea of a 'floating ruble' yet because it involves: 1. Economic risks 2. Reevaluation (sounds like revaluation) of the state's participation in the economy. Russia's Federal Financial Markets Service Head, Oleg Vyugin, said, "we're not ready." "People think the ruble rate is undervalued," he said. That statement could be put in any...