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

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