Since China is a major trading partner of the United States; . . ." should the C

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  1. MegaTrade101 profile image59
    MegaTrade101posted 13 years ago

    Since China is a major trading partner of the United States; . . ." should the Chinese Yuan or

    Reminbi be a part of the trade weighed average of the US Dollar Index?
    Yes /No and why?

  2. imperial_han profile image62
    imperial_hanposted 13 years ago

    Yes, i think. my opinion is becos China have more gold supplies compare to US. China might able to peg their money with gold.

  3. Flightkeeper profile image66
    Flightkeeperposted 13 years ago

    I'm assuming that yuan has stopped pegging itself to the dollar? If so they should include it in the average in the future.  However, most trade with China is one way -- to China.  It still really has very little economic power because it doesn't buy from others and until that changes it shouldn't be included.

  4. profile image55
    forextcposted 13 years ago

    Yes probably. I think depsite the current financial events, the dollar is still a highly regarded currency and it would take a monumental shift for this to happen though. Just because the American 'Empire' is beginning to crack, it's currency is likely to stay dominant for a long time yet.

    Look at the fall of the British Empire. 100 years after it cracked the Pound still yields considerable influence.

 
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