Chinese Yuan Flexible?

Everybody looking only on the China central bank announcement on yuan flexibility. My take, it will prove to be a fake and even contrarian indicator.

Media all over the story. Exchange rate didn’t move, non-deliverable futures did, one year pricing a big 2.8%. Yeah, a 2.8% move makes a difference.

Bloomberg story on the aspects of the announcement: China’s Hu Buys Time at G-20 With Yuan Announcement.

This entry was posted on Monday, June 21st, 2010 at 4:51 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Chinese Yuan Flexible?”

  1. World stock markets soar after Chinese yuan move | Currency Trading Exchange Guide Says:

    […] Chinese Yuan Flexible? | Tainted Alpha […]


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