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virtualreview

china: news and opinion

The greenback begins to wilt in the heat

With the US dollar under pressure, the Chinese yuan will begin to exert more influence ...full story at The Nation

from The Nation on Mon, Jul 27 2009

see also:

23 Jan 09		Powell Says U.S. Should Pressure China to Let Yuan Rise  »  YouTube videoJan. 22 (Bloomberg) -- David Powell, a currency strategist at Bank of America Corp., talks with Bloomberg's Nina de Roy about the outlook for the yuan and the dollar. Timothy Geithner, President Barack Obama's nominee for Treasury secretary, said the new...
03 Dec 08		China's yuan strengthens after largest one-day fall against greenback  »  People's Daily China's currency, the yuan, strengthened against the U.S. dollar on Wednesday. This came just days after it fell to its lowest value since its peg to the dollar ended in July 2005. The central parity rate of the yuan, or Renminbi (RMB), was 6.8502...
10 Apr 08		Backgrounder: Quotes from Chinese premier, central bank governor on yuan appreciation  »  People's Daily The Chinese currency was set to trade at 6.9920 yuan against one U.S. dollar on Thursday, rising past the 7-yuan mark for the first time since the government unpegged it from the greenback nearly three years ago. The appreciation ha ...
03 Jun 08		Chinese yuan climbs to new high against U.S. dollar  »  People's Daily The Chinese currency, the yuan, rose to a fresh high against the U.S. dollar on Tuesday, with the central parity rate at 6.9295 yuan to one dollar. The yuan, also known as the Renminbi, went up 77 basis points from the previous trad ...
18 Feb 09		China's yuan continues to weaken against U.S. dollar  »  People's Daily The Chinese currency yuan weakened against the U.S. dollar for the fourth consecutive trading day on Wednesday morning as safety-seeking investors pushed the dollar high. The central parity was 6.8363 yuan against the U.S. dollar on Wednesday,...
06 Sep 07		Yuan hits new high against U.S. dollar  »  People's Daily China's currency, the yuan, hit a new high against the U.S. dollar on Thursday at 7.5410 yuan to one U.S. dollar, according to the Chinese Foreign Exchange Trading System. The central parity rate of the yuan, also known as Renminbi (RMB ...

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