Wednesday 7 April 2010

Some budge in the Reminbi?

Are we about to see a revaluation of the Reminbi and/or a shift to a floating exchange rate regime? A widening of trading bands for the currency, which is pegged to the US Dollar, would be a typical place to start the process:

Beijing lays ground for renminbi shift - Financial Times

See more on this topic and the inevitability of this change here

No comments: