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Old 12-01-2010, 06:20 AM  
SZNY
SZNY
 
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Join Date: May 2004
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Quote:
Originally Posted by TopBucks Lilit View Post
Sandro, look at the numbers first... All this buzz is more around the parties involved, that's it. The whole deal has very little impact on dollar because Russia and China don't do much bilateral trade. For example for China it's only 2% of its total trade with the world, for Russia - about 8%. So I'd say the whole deal will have more political impact rather than economic.
It's 100% a political issue, both Russia as China are complaining for some time that their currencies are undervalued.
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