Sometime ago, I ran into a friend of mine who is a lawyer in a shopping complex. He kicked off by asking me for a brief comment on currencies.
Shun the dollar and hold on to Yen and Yuan, I put forward my views.
That's precisely what you have to strategise from now onwards, especially in 2008.
Yen is the world's most notoriously undervalued currency, taking full export advantage by staying competitive. It has all the potentials to move up.
Yuan has to appreciate gradually, failing which China might sustain grave economic consequences in medium- to long-term.
Wish you good luck if you are in the market!
3 days ago