direction of china's currency

alhamid said: "it has to be up yes? they have a 168 billion dollar trade surplus with the u.s."

chahinemm said: "i agree with u they their economy is in boom stage yet i think we have to still be carefull cause its not going to be as lucrative as it was in the past, in my opinion the economy to look into are the easter european economies which are opening and exploiting the markets to enhance their own economies that could challenge to stronger economy,,, i guess a story to keep an eye on... chahine"

AlfredSokol said: "Don't forget the unpegged the Yuan against the dollar too, so it's hard to say what that willl do to valuations."

Trader/God said: "[QUOTE=alhamid]it has to be up yes? they have a 168 billion dollar trade surplus with the u.s.[/QUOTE] The Yuan is expected to strengthen. It was on a firm peg to the dollar now its vs a basket of currencies (whose contents are still hidden). It can most only a very small amount each day so for now its not worth trading. But long the Yen is seen as a proxy bet for further revaluation of the Yuan. So if you think that China will revalue further than short usd/jpy is the way to go. Trader/God"