Even China is bullish on the US dollar

I recently heard on televesion that the chinese increased the percentage amount of the daily fluctuations they allow on thier currency from 0.5% a day to 1% a day. Consider that the government is trying to avoid a 'hard landing' and a weaker currency will help stimulate the economy considering that china is an exporting nation. Hence I dont believe they would increase the daily fluctuation percentage unless they believed that it would work in thier favor, making the yuan cheaper faster than it got expensive (back when 0.5% was the daily fluctuation limit)

Regards,
Ahmed Farghaly