Re: Banking on the dollar
It's going to be like this with China as long as their currency remains outside of the regular market - I'd love to be able to buy some Yuan. The way China has it set up, it doesn't matter what happens with the dollar and other currencies, the Yuan just stays stuck until the Chinese themselves do something. The Chinese economy may be influenced by what happens to the U.S Dollar, but it should not be a three-legged race where the U.S. currency drags the Yuan along, and the recent Chinese purchases of Yen and earlier purchases of the Euro have not amused the Japanese nor the Europeans either (it makes Japanese and European exports more expensive).
In short, only China can change the value of their currency. That's why they get nagged.
"All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
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