Yuan Not Quite “Free” Floating Yet
06/24/10 Stockholm, Sweden – This past Saturday, China announced its intentions to increase the flexibility of its yuan exchange-rate system. But, since then, we still have yet to see any drastic appreciation.
Either way… all that new yuan “flexibility” doesn’t look like it’s going to do Uncle Sam a lot of good… a little arm stretch at best.
This post came to our attention via The Mess That Greenspan Made.
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