Declining dollar and its effect
It doesn’t take a Rocket Scientist (and believe me I’m no Rocket Scientist) to figure out that the US is currently in a recession and the dollar is dropping a furious pace, as shown in the, 3 month, Chinese Yuan to USD graph above. To be honest up until 5 years ago I didn’t know the Chinese currency was call the Yuan. Now with its direct influence on Bamboo prices I watch it daily. Prior to June 05 the USD and the Yuan we linked and fluctuated together but since then the USD has depreciated 18% and continues to go lower……
The impact of this can be seen in the increase of Bamboo Flooring prices.