Aug 12 2015, 04:35 PM
QUOTE(my44 @ Aug 12 2015, 04:31 PM)
Ahh ok good point re: Greece. So it's a feel good/confident factor la.
When CNY devalue, would the ECB feel that EUR become less competitive? Especially when eurozone QE seems to me is to export their products more to get the economy back on strength.
You have to understand whether there is any impact on the EU at all. They are immediately less competitive by 2% since CNY devalued its currency by 2% but there is nothing EU can do about it and it won't cause anybody to sell or buy EU because of that. Greece has more impact and securing the loan is positive the for EU. When CNY devalue, would the ECB feel that EUR become less competitive? Especially when eurozone QE seems to me is to export their products more to get the economy back on strength.
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