If they were not running a fixed exchange then their currency would be falling vs USD as their Chinese firms lower prices to US customers in USD terms in an effort to obtain/maintain orders.
China's foreign exchange reserves dipped again in Sept., for the fifth month consecutively http://t.co/VZWbu70Ngr pic.twitter.com/ssmoRepsod
— Intl. Business Times (@IBTimes) October 8, 2015
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