Thursday, July 21, 2005

China revalued its currency

Lets see what happens next. A small shock can generate big disturbance. Although it is considered a small step but it has lot of implications. There is always a time lag involved before we can really see something.

The revaluation of the yuan "China has revalued its currency, the yuan, and linked it to a basket of currencies. By itself, this will do little to slow the economy, but it may ease trade tensions"


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