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View Full Version : Yuan Jumps Most Since April on U.S. Rating Downgrade, PBOC's Record Fixing - Bloomber



NewsWhore
08-07-2011, 10:00 PM
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Yuan Jumps Most Since April on U.S. Rating Downgrade, PBOC&#39;s Record Fixing (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEjUw0_GyGs61kxj8N_m-TPByHzjw&url=http://www.bloomberg.com/news/2011-08-08/yuan-jumps-most-since-april-on-u-s-rating-downgrade-pboc-s-record-fixing.html)
Bloomberg
The US should avoid letting the dollar weaken or taking fresh monetary steps that may worsen the currency&#39;s depreciation, the Xinhua News Agency said yesterday in a commentary, after S&P cut America&#39;s top credit rating by one level to AA+ on Aug. 5. ...

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