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?
Yes, i think. my opinion is becos China have more gold supplies compare to US. China might able to peg their money with gold.
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.
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.
by Rhonda D Johnson2 years ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for...
by Grace Marguerite Williams2 years ago
racial and socioeconomic lines in the near future as evidenced by the recent Ferguson unrest?
by Grace Marguerite Williams20 months ago
What steps should be taken to improve racial relations in the United States? In yourestimation, has racial relations improved or worsened since Barack Obama became President of the United States?
by CJ Kelly4 years ago
Will there ever be a conflict between the United States and China?It's almost inevitable that there will be some type of naval engagement in the decade. I think this would have happened sooner if not for the 9/11...
by Brooke Lorren5 years ago
What country poses the greatest military threat to the United States today?Back during the Cold War days, it was obvious that the Russians and the United States were the most powerful countries in the world, and that...
by Natebug6 years ago
How does one become a millionare in the United States?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.