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Old Jun 1, 2005, 6:15 pm
  #9  
choster
 
Join Date: Feb 2004
Location: Washington, DC USA
Programs: UA; Amtrak
Posts: 2,002
A bevy of Bs: Bahamas and Bermuda are 1:1, Barbados and Belize 2:1.

As far as China, according to last week's Economist, expert opinion is divided. A UBS analyst was quoted saying a minor shift in trading bands or changing from a dollar-only peg to one against a "basket" of currencies was overwhelmingly likely for the near term, with about a one in seven chance of a 5% to 7% rise against the dollar. J.P. Morgan estimated 7%. Goldman Sachs gave 60% odds for a 3-5% revaluation, with a 25% chance of a huge jump of 15-25%. But however much higher the new equilibrium falls, it will be arrived at incrementally.
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