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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: peppe51 who wrote (29181)	5/2/2005 4:41:10 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Treasury Sec Snow: China is ready to move on yuan Monday, May 2, 2005 7:12:19 PM afxpress.com SAN FRANCISCO (AFX) -- Treasury Secretary John Snow on Monday said the United States believes that China is ready to revalue its currency, a move many currency watchers expect will take place this week while China's financial markets are closed for the "golden week" holiday. In terms of the U.S. economy, Snow said that it's slowing as result of higher energy prices, but that its fundamentals remain strong. Snow made his comments during an interview on CNBC