Originally Posted by RustyC
China has been under pressure from the U.S. to revalue the yuan and I think they were expecting something more like 10%, which doesn't appear to have happened. Would expect any move in the yuan to be matched almost percent for percent onthe ringgit, baht, Singapore dollar and, to a lesser extent, the peso and rupiah. Could make Southeast Asia less of a bargain.
Although any devaluation hurts, even if there is a 10% move, SE Asia would remain a bargain to USD holders relative to what's been happening in Europe. And, it is not like we didn't know this was going to happen sooner or later.