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View Full Version : China Sets Yuan at Strongest Since Dollar Peg Scrapped in 2005 - Bloomberg



NewsWhore
05-25-2008, 10:10 PM
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China Sets Yuan at Strongest Since Dollar Peg Scrapped in 2005 (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da.oiQZFjcwO0%26refer%3Dhome&cid=0&ei=aBw6SL5Mo6D7AZ6m5K0O&usg=AFrqEzd5CEXhilLlA6kh2Pu-NA95vQN0Eg)
Bloomberg - 34 minutes ago
The central bank calculates a daily rate by taking a weighted average of quotes from commercial banks designated to act as market makers in the currency. ...


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