China Vows Slow, Tempered Change to Exchange Rate

Filed under: Market Matters, Politics, Currency

Saturday, China signaled that it would abandon its currency peg against the U.S. dollar.

Then on Sunday, China's central bank said there would be no significant appreciation in the renminbi (the currency of the People's Republic of China) against the dollar. What's interesting is that this statement came one week before the G20 meeting on Toronto.

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China Vows Slow, Tempered Change to Exchange Rate originally appeared on BloggingStocks on Sun, 20 Jun 2010 11:40:00 EST. Please see our terms for use of feeds.

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Exchange Rate - People's Republic of China - Central bank - United States dollar - BloggingStocks

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