The U.S. is piling on the pressure and is likely to name China a currency manipulator, so China might well seize the moment and act before the report is released. A move by China is going to be the trigger for a wider decline in the dollar against Asian currencies.
More Quotes from David Woo:
Over the next few weeks there's a very good chance that China is going to widen the band. Global policy makers have a new resolve to settle the issue of currency flexibility with China and they're prepared to have a show-down if necessary.David Woo
In the last couple of years, the U. S. has taken a tough line on China. The fact that they were able to make this agreement tells us that Europe and Japan have fallen into line with U. S. on this matter. That's a major turning point.
David Woo
My brother was a grad student at Duke, and he gave me a Cameron Crazies shirt, so I thought I'd twist it up a little bit.
David Woo
We're getting a bit nervous about being dollar bears. In the midst of hawkish rhetoric from the Fed and strong economic growth, there's a definite risk the dollar's momentum can push it further.
David Woo
Readers Who Like This Quotation Also Like:
Based on Keywords: manipulator, pilingMy mum has never wanted me to have children. She thinks I would be destroying my life, even now.
Tracey Emin
The two designs are completely different. The first is totally futuristic, the second is more classical. You can of course get very excited about doing something completely out of the ordinary, just like the Olympic stadium in its time. But each to his or her own taste.
Franz Beckenbauer
I took an oath to protect the people of Arizona, and that's what I'm going to do. I'm going to keep pushing in that direction.
Jan Brewer