We once again trade products for products, money is the measuring stick, and if the dollar or yuan cheapens, this will ultimately reflect itself in a higher dollar or yuan price.
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Barclays said that it any correction in the dollar vs yuan would mostly affect Asian currencies, pushing them higher against the dollar short term.
With both dollar and yuan funds now, Qiming has more flexibility to invest in healthcare, one of its areas of expertise.
At the moment, it doesn't appear that the dollar-yuan exchange rate is having an enormously harmful effect on the broad U.S. economy.
European politicians, unable to fashion a unified fiscal response to the crisis, will embrace a sharp fall in the euro's value against the dollar and yuan as perhaps the only source of relief.
Since 2005, when China started de-pegging gradually from the dollar, the yuan has appreciated around 25% in nominal terms and about 50% in real terms relative to the dollar, according to a report by The Economist.
When Romney says such silly things this libertarian finds himself wishing a liberal fact checker would chime in and remind Romney that the yuan is only weak insofar as the dollar is, and that the yuan has actually risen quite a bit against the dollar since 2005.
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See: What to do About a Falling Dollar, Rising Yuan , by Robert Lenzner of Forbes.
This does not mean that either the Hong Kong dollar or the yuan are out of the woods.
Since June 2010 when China agreed to float its currency against the U.S. dollar, the yuan has risen by about 11 percent, an estimate that is adjusted for inflation.
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We are comparing the Chinese yuan against the dollar and then against the trade-weighted Chinese yuan.
Economistics suggests a purchasing-power parity of 14.57 Chinese yuan to the dollar, compared with the current 8.31 yuan.
Because while a stronger yuan increases the dollar price of Chinese goods, it also lowers the yuan price of foreign raw material, allowing Chinese manufacturers to keep a lid on the price of their finished goods.
The country could also take advantage of the world's disillusion with the dollar to promote the yuan as an international store of value and medium of exchange.
In effect, you transfer the dollar account into a yuan account in the form of a Bank of China CD that will yield you next to nothing.
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The second step would be for the PBC to perform dollar-for-yuan foreign exchange reserve swaps with African central banks, with China offering to split the seigniorage (the difference between the face value of currency and the cost to produce it) with the African nations as a form of foreign aid.
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The first is to repeg the yuan to the dollar at a higher rate.
But such oscillations in the value of the yuan against the dollar are rare.
Very shrewdly, China has not proposed that the yuan replace the dollar as the global reserve currency.
Alternatively, China could create a rival to the dollar if it let the yuan be used in transactions abroad.
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Scott still thinks China can value the yuan even higher from its current level of 6.5 yuan to the dollar.
Is he bothered by the peg of the yuan to the dollar, something a good number of countries similarly pursue?
Our index suggests that a fair-value rate would be 3.54 yuan to the dollar, compared with the current rate of 6.78.
That was a year after the Chinese released the yuan from its dollar peg in June 2010 when its managed appreciation began.
To get them to quit (effectively) pegging the yuan to the dollar.
We have allowed for an extra 3% annual rise in the yuan against the dollar on top of the inflation gap of two percentage points.
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