Opinions and observations expressed on this blog reflect the authors' individual experiences and should not be construed to be financial advice. None of the members of this blog are licensed financial advisors. Please consult your own licensed financial advisor if you wish to act on any recommendations here.
Saturday, June 19, 2010
Will China End the Peg?
We'll see if this latest signal turns out to be anything. There are those that have been buying Chinese ADRs for months and even years on this proposition because as the dollar weakens, Yuan denominated assets rise in value automatically. On a related matter, I hope to write a short piece on exchange rates and their effects on investment decisions tomorrow.