CHINA'S RV??

[keepmwlknfny]

WOW!! what a HUGE revalue!! hahaha....geeze a whole .05%!! and yea thats HALF of a percent.....that was there revalue....the one that everyone was expecting their to be some huge announcement....dont think the VND is going anywhere soon.....not with only such a small raise in China's value.....We better pray we get better movement in the Dinar or we will still be holding onto this Dinar for another 20 years before we see something we like! I believe we still have plenty of time to go get some Dong....no pun intented hahaha....

[Method_BudC]

i dont think anyone expected anything huge out of it. all they said is that it would be back on a float so its going to be gradual. China was already pressuring VN to RV, I'd say if it is only a half a percent then we are a half a percent closer to the Dong hitting and Just think, they just took it off the Peg if its going to go up everyday is will eventually add up

-BuddyC

[paj1985]

WOW!! what a HUGE revalue!! hahaha....geeze a whole .05%!! and yea thats HALF of a percent.....that was there revalue....the one that everyone was expecting their to be some huge announcement....dont think the VND is going anywhere soon.....not with only such a small raise in China's value.....We better pray we get better movement in the Dinar or we will still be holding onto this Dinar for another 20 years before we see something we like! I believe we still have plenty of time to go get some Dong....no pun intented hahaha....

would it be wise to buy dong now then??? is it likely to follow china.?

also will this pressure iraq also?

Edited June 21, 2010 by paj1985

[keepmwlknfny]

WOW!! what a HUGE revalue!! hahaha....geeze a whole .05%!! and yea thats HALF of a percent.....that was there revalue....the one that everyone was expecting their to be some huge announcement....dont think the VND is going anywhere soon.....not with only such a small raise in China's value.....We better pray we get better movement in the Dinar or we will still be holding onto this Dinar for another 20 years before we see something we like! I believe we still have plenty of time to go get some Dong....no pun intented hahaha....

http://www.dailyfinance.com/article/yuan-gains-but-china-warns-it-wont-fix/764073/

check the link....dont expect anything huge with china's currency.....therefore it will not make much of an effect on any surrounding countries as far as imports and exports and costs of goods.....yes its being taken off the peg but they will not let it gain very much at all.....they firmly believe its not going to help anything by letting it revalue and they are putting it on a more flexible rate but it will not fluctuate like we think.....with this is mind i think we are a year or so out before anything big with VND.....or little for that matter....things are stable right now....give vietnam more time to explode with buisness and development.....

http://www.dailyfinance.com/article/yuan-gains-but-china-warns-it-wont-fix/764073/

check the link....dont expect anything huge with china's currency.....therefore it will not make much of an effect on any surrounding countries as far as imports and exports and costs of goods.....yes its being taken off the peg but they will not let it gain very much at all.....they firmly believe its not going to help anything by letting it revalue and they are putting it on a more flexible rate but it will not fluctuate like we think.....with this is mind i think we are a year or so out before anything big with VND.....or little for that matter....things are stable right now....give vietnam more time to explode with buisness and development.....

ok hahaha sorry not done yet....one more thing....there is a positive to this though....gaining even just the small amount they did I bet you it will have good effects on their market....watch for the asian stock market to gain points for sure....i would also keep an eye on their oil because i guarantee their oil prices per barrel will also go up...the reason why is that this will have instilled confidence in investors and they will be more willing to dump money into their market now...which is exactly what we need in Iraq right now!!!

[paj1985]

http://www.dailyfinance.com/article/yuan-gains-but-china-warns-it-wont-fix/764073/

check the link....dont expect anything huge with china's currency.....therefore it will not make much of an effect on any surrounding countries as far as imports and exports and costs of goods.....yes its being taken off the peg but they will not let it gain very much at all.....they firmly believe its not going to help anything by letting it revalue and they are putting it on a more flexible rate but it will not fluctuate like we think.....with this is mind i think we are a year or so out before anything big with VND.....or little for that matter....things are stable right now....give vietnam more time to explode with buisness and development.....

ok hahaha sorry not done yet....one more thing....there is a positive to this though....gaining even just the small amount they did I bet you it will have good effects on their market....watch for the asian stock market to gain points for sure....i would also keep an eye on their oil because i guarantee their oil prices per barrel will also go up...the reason why is that this will have instilled confidence in investors and they will be more willing to dump money into their market now...which is exactly what we need in Iraq right now!!!

great news thanks