217714 Resource 119241 120646 120646 1225979745044 1225980098065 Controlled Forex Trading Forecast: Is U.S. on Collision Course with China?

Barack Obama has already spoken out against yuan manipulation

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">It is no secret that the Chinese government manipulates the yuan, working to keep it low on the FX market so that its exports are advantaged. This policy, though, and U.S. President-Elect Barack Obama's opposition to it, may mean that the forex trading forecast may be calling for a clash of wills soon.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">While the Chinese yuan is not available for individuals to trade on the currency market, the relationship between the yuan and other currencies can affect values on the forex market. And, there are currencies -- such as the South Korean won -- that are sometimes viewed as proxies for the Chinese currency.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">In a letter to the National Council of Textile Oraganizations, Obama called for an end to yuan manipulation on Ocotber 24. However, China points to the fact that toy factories have gone out of business since yuan appreciation earlier this year, and that global recession is starting to take its toll. </span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on the <a title="Chinese yuan, currency manipulation, forex market, currency market, Barack Obama, global recession, South Korean won, forex trading forecast" target="_blank" href="http://www.bloomberg.com/apps/news?pid=20601083&sid=aKsQTPumzWPg&refer=currency">possibility of a coming clash between the U.S. and China</a>:</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /></font><div style="margin-left: 40px; font-family: verdana,arial,helvetica,sans-serif;"><font size="2">``China is facing a significant slowdown of its own,'' said <a href="http://search.bloomberg.com/search?q=Donald+Straszheim&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1" onmouseover="function onmouseover(event) { function onmouseover(event) { return escape(popwSearchNews(this)); } }">Donald Straszheim</a>, Los Angeles-based vice chairman of Roth Capital, a U.S. investment bank specializing in emerging markets. ``Beijing will stop currency appreciation for several more months, and Washington won't like it.''<br /><br /></font></div><div style="font-family: verdana,arial,helvetica,sans-serif;"><br /></div> 9 application/xml false Barack Obama Chinese yuan currency manipulation currency market forex market forex trading forecast global recession South Korean won Forex Trading on the Currency Market http://www.gftforex.com/land/index.asp?aid=446 <script type="text/javascript" src="http://tipd.com/evbs.js"></script> <script type="text/javascript"> evb_url = 'http://forex.gftforex.com/public/item/217714'; evb_big(evb_url); </script> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 119241 blog blogsite/GFTForex/web