Monday, November 30, 2009

Europe is mad at China

Because their trade deficit is growing:
The yuan is tightly linked to the dollar, not the euro. As the dollar has declined against the euro, the yuan has fallen with it, making Chinese goods cheaper in Europe and European goods more expensive in China.

1 comment:

  1. We got to be seriously careful with these sort of stuff, if we are not aware of the possibilities then it can be risky. I love to trade on EU, hence I always keep eye on events related to it. I don’t know how things will work with these stuff happening, but I always prepare myself with huge money management which is boosted by OctaFX broker and that’s through their 50% bonus on deposit offer which is also use able to make me feel comfortable.