The Revaluation of the Renminbi: Thoughts on the RMB Repeg
Jul 25th, 2005 | By Michael Shedlock | Category: Currencies
Mike Shedlock discusses China's recent Revaluation of the Renminbi, going from pegging it to the dollar to pegging it against "a basket of currencies."
Thoughts on the RMB Repeg
On July 21, China repegged the RMB to a basket of currencies.
On July 20, I wrote in "China Calls U.S.'s Bluff":
"Many were ...read more
