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.
In its third-quarter monetary policy report, the People’s Bank of China departed from well-worn language on keeping the yuan “basically stable [...]
Posts Tagged ‘largest economy’
Yuan Shifting From Dollar Peg
November 11th, 2009 by HardMoney Writer
Tags: central bank, China, dollar peg, emerging economies, global financial crisis, largest economy, obama
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