Sunday, June 20, 2010

China Unleashes Global Rally with "Flexible" Yuan

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Yuan forwards strengthened to a seven-week high after China’s central bank signaled an end to the currency’s two-year peg to the dollar. >>READ
Markets up nicely in futures trading...Gains may be limited because the yuan has already strengthened 16.5 percent against the euro this year, eroding earnings for Chinese exporters in the European Union, the nation’s largest market. more news>> FUTURES QUOTES LINK

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