Chinese currency policy helping the euro?
Monday, June 21st, 2010
Asian shares are rising and the euro seems to be about to turn upward after China’s central bank, The People’s Bank of China (PBoC), announces they will accept an increasing flexibility in exchange rates. Read more about the new Chinease currency policy below.
Gradual upgrade of Yuan
China’s central bank announced there will be a gradual easening of the local currency, Yuan. This is something many investors, Americans in particular, been waiting for a long time. Risk Appetite seemed rapidly increasing, and several stock (more…)
