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View Full Version : Yuan Completes Worst Month Since Peg as Europe Woes Hurt Exports - Bloomberg



NewsWhore
05-31-2012, 06:01 AM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHJ_YfjxeMJ9P8kmMjVBYX38w5bew&url=http://www.bloomberg.com/news/2012-05-31/yuan-completes-worst-month-since-peg-as-europe-woes-hurt-exports.html)


Yuan Completes Worst Month Since Peg as Europe Woes Hurt Exports (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHJ_YfjxeMJ9P8kmMjVBYX38w5bew&url=http://www.bloomberg.com/news/2012-05-31/yuan-completes-worst-month-since-peg-as-europe-woes-hurt-exports.html)
Bloomberg
The currency dropped 0.18 percent today and touched this year's low of 6.3783. The central bank set a daily reference rate, around which the yuan can fluctuate by as much as 1 percent, of 6.3355 per dollar, the weakest level since March 15.

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