|
PureBytes Links
Trading Reference Links
|
At 05:12 PM 1/21/99 , you wrote:
You mean HK dollar.
>China gets the focus now as the biggest economy pegging its rate. If
>those Europeans in favor of some sort of exchange rate linkage (eg,
>Lafontaine in Germany) get their way, the Euro might become an object of
>attention too.
>
>This is not just something that happens to developing countries. Soros
>became famous by his run on the British Pound, knocking it out of the
>ERM.
>
>Regards
>DanG
>
>HARELSDB@xxxxxxx wrote:
>>
>> Brazil recently "devalued" its currency and is allowing it to "float".
>> There are concerns that China will "devalue" its currency and cause another
>> round of Asian problems.
>>
>> How does a country "devalue" its currency?
>>
>> Thanks,
>>
>> Dan
>> Pocatello, ID USA
|