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I agree with you.It will spike by default!I have a feeling the worldwide collapse will begin in Europe then like dominos,everywhere else.
Originally posted by camaro68ss
They say the USD will spike before its collapse. Only because all other currancys will go first and leave the USD last to fall.
"Some companies have borrowed in dollars, converted them into yuan and bought into yuan-denominated assets, waiting for the Chinese currency to strengthen further. The inflows have brought about pressures for the yuan exchange," Liu said.
The People's Bank of China last week set the daily reference rate of the yuan against the dollar at 6.1980, the highest in 19 years. Indicators show that capital flows into China have accelerated in recent months.
"Exports from the delta region increased a lot last month, but exporters have found it hard to make profits given the yuan's appreciation," said Xiao Feng, deputy general manager of One Touch Business Services Co, a Chinese provider of foreign-trade services.
"However, most exporters in the delta region have told us that the rising yuan value has led to a big profit decline," said Xiao, without elaborating on how much profits have declined. Zhang Zhenghu, deputy general manager of the overseas sales branch of Gree Electric Appliances, said the company had to increase the price of its products early this year because of the yuan appreciation.
With the introduction of measures to crack down on hot money inflows, there is a possibility of a weak yuan exchange rate in the near future.
U.S. Federal Reserve could begin easing up on the monetary gas pedal this summer and end its bond buys late this year.
Originally posted by MidnightTide
Just watch what happens when the FED stops monetizing the debt.
Originally posted by muse7
Good to see the self proclaimed "patriots" and "freedom lovers" cheering on and hoping the Dollar collapses.
Continue exposing yourselves for what you really are.