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Peg is dead as China vows yuan flexibility

3 pointsby soundalmost 15 years ago

1 comment

mark_l_watsonalmost 15 years ago
I also posted this article because I was interested in other peoples take on this. Good for us in the USA? Personally, I don't think so because I see this as another step towards the dollar no longer beng the standard reserve currency. It would be great if there was an uptick in manufacturing here, but on balance, this does not look good to me.
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