Yuan Climbs Most in 20 Months – a "Whopping" .37 Percent; Are we Supposed to be Impressed?
Posted on June 21st, 2010 in Economy | Comments Off
Stock and commodities futures are up headed into Monday’s trading on news that China has “unpegged” the Yuan. Please consider Yuan Climbs Most in 20 Months After China Signals End to Peg. The yuan climbed the most in 20 months against the dollar and forwards jumped after China’s central bank relaxed a two-year peg before a Group of 20 summit this week. The currency advanced 0.37 percent to 6.8010 per dollar as of 3:54 p.m. in Hong Kong, the biggest gain since Oct. 7, 2008, …
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Yuan Climbs Most in 20 Months – a "Whopping" .37 Percent; Are we Supposed to be Impressed?