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Flexibility continues in the yuan, closing today at 8.1028. At this point, some foreign central bank officials are calling for further appreciation, since it seems within the scope of China's capabilities. Apparently the central bank did not start buying dollars until about 8.103. I'm not sure how significant it is that the China Daily is simply reprinting editorials from Reuters about the yuan, rather than offering any of their own reports. "Dollar-buying was weak ... (more)
- link to 8.1028...more movement, more testing... -
Last update: 08/04/2005