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This China has been propping up their currency in reality. They chose to let it float more and it instantly crashed. There it could go all the way to 8.4 ish if
by rdtwo 7y ago
This China has been propping up their currency in reality. They chose to let it float more and it instantly crashed. There it could go all the way to 8.4 ish if they let it fully free float.
- seanmcdirmid 7y agoThey float it but manipulate the price the way other countries do (buying/spending forex, interest rates, etc...). I doubt they it would crash all the way back down to 8 at this point (ah, to remember 1999 when it was 8.8), but it depends on how much money they’ve actually been printing to support their bubbly real estate market.
- perl4ever 7y agoIs it really possible to change the value of a currency without constantly spending money on keeping it away from equilibrium? What I'm saying is, isn't it like extending a spring, where it's always going to go back to its natural state whenever you release it?