Thursday, July 21, 2005

China Re-Evaluates the Yuan

It will be interesting to see what affect the changing the value of China's Yuan will have on the U.S. trade balance. Technically is is not a true "float" as they will limit is value in within a band of values, and the initial change is below value that U.S. trade representatives wanted. But this could change prices for everything from toys to clothes at the local Wallmart.

Update: The "re-evaluates" is a pun done on purpose, for those who asked.

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