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Strategies & Market Trends : Classic TA Workplace

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To: stkboy1 who wrote (122195)	7/21/2005 9:55:11 AM
From: skinowski	Read Replies (1) of 209892

the yuan will now allowed to trade in a tight band against a basket of foreign currencies The language is very "diplomatic". This may mean anything from full floating (all fiat currencies float against something or other) -- but, otoh, the notion of "tight range" may imply that practically nothing will change. But even in the latter (more likely) case, this may be the first (gradual) step towards full unpegging.

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