Thursday, November 12, 2009

China Signals That It May Allow Currency to Rise Against Dollar

China Signals That It May Allow Currency to Rise Against Dollar

"China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate." This will work wonders for Gordon's interest rate policy.

Posted by a solovine @ 03:36 AM (456 views)
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