Thursday, July 21, 2005

HEY JUAN YUAN

"The government also strengthened the state-set exchange rate to 8.11 yuan to the dollar -- from 8.277 yuan, where it had been fixed for more than a decade -- in a surprise announcement on state television's evening news. That raised the value of one yuan by about one-quarter of one U.S. cent to 12.33 cents."

BFD pardon my french

Duratek
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1 comment:

Marc R said...

Michael,

My point was 1/4 of 1 cent was a BFD, as far as FEEDING INFLATION?Chinese STILL control the valuation, this is smoke in the mirror that's all.

But Bonds getting shook! for several reasons, if 4.30% goes.....

D

11:31 AM

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