Beware China Market rebound advance in USD Market

China suddenly announced to drop the one year lending rate to 5.58 and effective tomorrow.
Besides, it also lowered the reserve requirement for the biggest bank to 16 %. Now the world are concentrate to stimulate the economic market and prevent further slump in the recession.

I believe there will be some rebound in China market tomorrow. However, we can aware how it perform in USD market through looking ETF FXI. Last Close is 24.41 with 8,989,300 volume.

US suddenly release the 800 Billion to rescue the loan, it influence the previous view of USD because people start to wonder the value of USD. So be careful on the EUR and JPY

Comments

Unknown said…

THANKSGIVING BOUNCE!

It seems that most would settle for a short-term bounce.

November 27, 2008 at 4:44 AM

Unknown said…

春江鴨一早收到消息, 建行, 工行巳在幾日前偷步升上去.

November 27, 2008 at 2:46 PM

Another Opportunity to witness the interest rate effect

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Wealth management for a general person

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