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China dollar peg removed. What now?

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China dollar peg removed. What now?

07-22-2005, 12:08 AM	#1
Olav23 Recycles dryer sheets Join Date: Jul 2005 Posts: 423	Hi all, I read that China (and Malaysia) have removed the dollar peg for its currency and will instead evaluate it against a basket of currencies. From the news stories, it sounds like it could really be a negative for the dollar. Anyone have any opinions on how to either protect or profit from this situation? Should we all run out and buy China ETFs (or ADRs)? Should we hedge our dollars somehow? Should we exchange it for the Yuen now? Opinions?

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