Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Depegging only hurts if it drops as a result. Since the effect of the basket peg is to discount the RMB¥, unpegging would seem likely to increase its US$ or € value.

Depends. If they de-peg because domestic inflation has turned their previously undervalued peg into an overvalued peg, you might be in for a rude surprise.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Tue May 24th, 2011 at 04:09:48 PM EST
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