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Saturday, October 10, 2009

China and the Dollar

The recent decline in the US dollar is challenging for China, since this increases the cost of their goods. I am curious to see if they will be intervening in the currency market as other countries have recently on the dollar.

Known Facts:
  • China has been helping finance the US National debt by buying treasury bonds.
  • China is economy is export focused.
  • China has a tremendous amount of investments in dollars.
  • China relies on a favorable exchange rate with the US.
  • The US is China's largest trading partner.

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