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View Full Version : Report Predicting Yuan Revaluation Was Wrong



arenas_11
05-11-2005, 05:37 AM
China's central bank announced it hasn't altered its policy by following week calling a yuan revaluation following a report at one of China's top papers. The People's Daily newspaper (of China) said itself that the post on its own website was really an interpretation of a story featured
during the weekend. The greenback dropped throughout trading circles from the yen since the information spread. China's renminbi is presently held within a group between 8.2760 and 8.2800 percent and speculation was ramping up lately on expectations of an impending revaluation.