Tuesday, Aug 26, 2008
Olympic spirit lives on! But for how long?
Telegraph: Beijing swells dollar reserves through stealth
China has resorted to stealth intervention in the currency markets to amass US dollars, using indirect means to hold down the yuan and ease the pain for its struggling exporters as the global slowdown engulfs the economy. Kinda thought that the $ bounce looked unnatural.
Posted by harold @ 10:21 AM (258 views) Add Comment
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