Higher Prices from China Coming?

[sailr]

I read in the newspaper today that the Chinese government has agreed to revalue the Yuan against the Dollar. That will mean higher prices for Chinese goods. In less than a day it has already fallen from 6.83 CNY to the dollar to 6.79 CNY to the dollar.

The day of ultra cheap hobby goods may be coming to a close soon. Hope not!

http://www.washingtonpost.com/wp-dyn/content/article/2010/06/19/AR2010061901216.html

[electric]

I had heard on Bloomberg (Satelite radio) that one analyst figured it would raise costs(exchange rate) up an average of about 3% to 4% over the next year. No one really knows the answer,we will see.

[sailr]

Let's hope its no more than that.