Tag Archive | "Chinese Currency"

China Signals Increased Currency Flexibility

Friday, September 17, 2010

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China Signals Increased Currency Flexibility

Since 2008, China has pegged its currency exchange rate to be fixed to the US Dollar, but those days appear to be over for now. In news that got the attention of forex traders everywhere, the Chinese central bank announced the peg would end but also warned that that a sudden appreciation or revaluation would […]

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