On the currency front, the biggest news was the continued appreciation of the Chinese renminbi against the US dollar. However some experts believe that the Chinese currency is undervalued by as much as 40% against the dollar. With regards to sterling and other currencies, no significant movements have been reported. The £/euro exchange rate fell slightly while the £/US$ rate went in the other direction.
机构:
Syracuse Univ, Maxwell Sch Citizenship & Publ Affairs, Syracuse, NY 13244 USASyracuse Univ, Maxwell Sch Citizenship & Publ Affairs, Syracuse, NY 13244 USA
Gueorguiev, Dimitar
McDowell, Daniel
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Syracuse Univ, Maxwell Sch Citizenship & Publ Affairs, Syracuse, NY 13244 USASyracuse Univ, Maxwell Sch Citizenship & Publ Affairs, Syracuse, NY 13244 USA
McDowell, Daniel
Steinberg, David A.
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Johns Hopkins Univ, Paul H Nitze Sch Adv Int Studies, 1740 Massachusetts Ave NW, Washington, DC 20036 USASyracuse Univ, Maxwell Sch Citizenship & Publ Affairs, Syracuse, NY 13244 USA