currency devaluation

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China and the Dollar

From the Wall Street Journal: As if the dollar didn’t have enough problems, Timothy Geithner took China’s bait yesterday and said he was “quite open” to its suggestion this week to displace the greenback...

China’s Yuan Rises As Talks Begin

From BBC News: China’s yuan is at its strongest level against the dollar since the country scrapped its peg to the US currency in July 2005. The yuan rose to a high of 6.8918 per dollar – a gain of 20% since it...

China’s Currency Breaks Key Level

From AP: China’s currency nudged past 7 yuan to the U.S. dollar Thursday, a milestone bound to please Beijing’s trading partners and dismay exporters struggling to remain competitive in overseas markets. Late in the...

Richard McGregor: Rumours on revaluation of renminbi increase

From the Financial Times: China’s currency traded briefly outside its tightly controlled band on Friday, triggering a renewed wave of speculation that the government was preparing to allow a long-expected revaluation. The unexpected price move followed weeks of international pressure on China to allow the renminbi to appreciate. But the People’s Bank of China, the […]

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