|
|
|
Once again, as we have been forecasting for some time now, the People’s Bank of China made a move and widened the Yuan’s trading band. Planned perfectly to coincide with the weekend’s G8 finance minister’s summit and the Strategic Economic Dialogue with US Treasury Secretary Paulson next week, the highly anticipated decision continues to have broad implications beyond currency markets. Foreign exchange effects were immediate as the Japanese yen gained rapidly against the dollar shortly after the release.So what didChina do?- China widened the daily trading band against the dollar to 0.5%The daily trading band, which represents a daily limit for appreciation or deprecation of the Chinese yuan against the US dollar, was widened to 0.5 percent from 0.3 percent effective May 21, 2007. The People’s Bank of China has enacted this measure amidst major pressure from its international trade partners of which US was the most aggressive voice. The main purpose of this change is to allo |
上一篇：国内有些澳元，现在换成人民币如何下一篇：真心疼呀,把家里最后的人民币换成澳元
|
雷达卡
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
千斤顶
