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Thursday, July 21, 2005

Yuan to fluctuate

China ended the yuan's peg of about 8.3 per dollar that had been in place since 1995 and will allow it to fluctuate versus an unspecified basket of currencies, the central bank said on its Web site. The new yuan rate strengthens the currency to 8.11 per dollar.
Posted by ALD at 7:22 PM

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ALD
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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Chartered Financial Analyst, 2006

Chartered Financial Consultant, 2005

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