The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (93276)	10/29/2007 8:20:56 PM
From: CalculatedRisk	Read Replies (1) of 306849

China lets its yuan creep higher against dollar marketwatch.com The yuan climbed about 0.3%, with the dollar finishing at a new low of 7.4745 on the over-the-counter market, after the central People's Bank of China set the central parity rate at record levels for five consecutive trading days, XFN reported, citing a Guangzhou-based trader with a foreign bank. ... The market is now pricing in a 7.3% pace of appreciation over the next 12 months, up from 6% last week ... This year, Browne said, the yuan has risen 4.4% against the dollar, compared with just. 2.2% over the same period in 2006. ... The yuan has gained nearly 10% against the dollar since the peg was lifted ...

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