Greedy Pig
22-07-2005, 10:04
Somehow, I haven't read it anywhere in any other news, except my newspaper. Probably the news hasn't reached your shores yet. (Or it's one of the further back threads.. Too lazy to check. Sorreh!)
http://thestar.com.my/news/story.asp?file=/2005/7/22/nation/11561873&sec=nation
But Apparently the China Yuan and the Malaysian ringgit has been unpegged from the Dollar respectively.
Now, not much really care about the Malaysian economy..
But what do you economic guru's forsee in the unpegging of the Yuan and it's effect on the global economy?
I'm sure the next few weeks would be little shakey, as investors and speculators start trading the money to make a nifty profit of the falling/increasing prices till it reach a certain level of equilibrium.
http://thestar.com.my/news/story.asp?file=/2005/7/22/nation/11561873&sec=nation
But Apparently the China Yuan and the Malaysian ringgit has been unpegged from the Dollar respectively.
Now, not much really care about the Malaysian economy..
But what do you economic guru's forsee in the unpegging of the Yuan and it's effect on the global economy?
I'm sure the next few weeks would be little shakey, as investors and speculators start trading the money to make a nifty profit of the falling/increasing prices till it reach a certain level of equilibrium.