The US will likely allow its dollar to appreciate for as long as PRC manipulates the price of its Yuan. I think if there is a showdown PRC will lose.
You can invest in Yuan with Singapore banks but why bother, the banks will be the winners with huge spreads.
You can buy Yuan from money Exchangers and sell the same way, with a lesser spread and more profit.
Should read "allow its dollar to depreciate.."
But if Euro collapses, which should happen when Spain defaults, the US dollar may prevail, there being no alternative.
The Euro may end up being a currency of Germany, France, Belgium and Holland only.
Sooner or later, it must collapse because member nations not inside Eurozone will not pay for the maintenance of poor nations traditionally focused on tourism, like Greece, Spain, Portugal, Italy..... it has always been the case. They joined the Euro knowing it was a gravy train and they intended to ride it for as long as possible.
Every good thing must end however the threats implicit in EU membership will make divorce messy, perhaps bloody.
Italy's failure to stem illegal immigration is not unexpected. They view such a massive influx a transit, which will bring huge politically correct EU subsidies, paid for by low grade politicians from UK and elsewhere.
Only France is seriously tackling the chaos and upheaval and potentially explosive costs of upkeep associated with a borderless Europe. They deserve more support from UKs poor excuse for politicians.
