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China floats its currency, will bike prices rise?
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China announced that ti will no longer peg the yaun to the US dollar, how soon before bike and component prices (as well as a lot of other things) start rising? Will US retailers start jacking prices up right away, or when new inventories are purchased? I wouldn't be surprised if prices start going up very soon.


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Re: China floats its currency, will bike prices rise? [frogonawire 6.2] [ In reply to ]
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Not by much - they are only letting it fluctuate a tiny bit.
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Re: China floats its currency, will bike prices rise? [JohnA] [ In reply to ]
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In Reply To:
Not by much - they are only letting it fluctuate a tiny bit.


Plus -- their cost for raw materials falls. And -- they can push margin pressures right on down the line to the 200 million peasants waiting in line to work in the factories.

The currency re-val was a token political ploy.
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Re: China floats its currency, will bike prices rise? [Ashburn] [ In reply to ]
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i guess by the 2% they devalued the yuan


don't just do something..... sit there
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