A Floating Yuan is no help in restoring competitiveness elsewhere The WTO Director-General Pascal Lamy said on Friday “a reevaluation of the Yuan would only have a modest impact on the sales price of the final product and would probably not restore the competitiveness of competing products manufactured elsewhere.” In his speech to the French [...]

China’s Yuan at 6.6693 vs USD Wednesday, a new high The value of China’s Yuan (Renminbi), hit new high vs. the USD Wednesday as the central parity rate of the Yuan was set at 6.6693 per USD, according to the data released by the China Foreign Exchange Trading System. Wednesday’s central parity rate beat the [...]

Andrew Ling submits: First solar’s (FSLR) stock was punished in 2009 and range bound in 2010 due to systems investors running into financing difficulties and increased module competition from Chinese manufacturers. The financing issues have long since eased. It appears that the closing of the gap in manufacturing costs between FSLR and the likes of [...]

The conventional wisdom is that once the value of the Chinese Yuan is increased, the USA’s trade deficit with China would start falling. This reasoning has prompted many Americans to push for further, faster revaluation of the Yuan even after China changed its currency policy. For those who endorse this rationale, the Yuan’s value is [...]

Street One Financial submits: Back on June 9th we updated clients and also published on Seeking Alpha, pointing out a possible rally in Crude Oil, and the ETF and ETN products that track the commodity such as United States Oil Fund (USO), PowerShares DB Oil (DBO), (OIL) iPath (S&P GSCI Crude Oil Total Return ETN), [...]