The Chinese Renminbi Does What It's Expected To

The Chinese Renminbi Does What It's Expected To

The Chinese Renminbi Does What It's Expected To

A blog about politics, sports, media, stuff
June 21 2010 7:31 AM

The Chinese Renminbi Does What It's Expected To

Despite a contrarian piece in the People's Daily last week, arguing that China's RMB currency was secretly overvalued , the RMB went up 0.49 percent on Monday after China suggested it could unpeg the currency from the dollar and begin allowing it to float.