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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: JDN who wrote (693109)7/21/2005 7:16:04 AM
From: DuckTapeSunroof  Respond to of 769670
 
Of course. It's always that way with 'stealth' candidates.



To: JDN who wrote (693109)7/21/2005 7:42:12 AM
From: tonto  Respond to of 769670
 
NEW YORK (CNN/Money) - A move by China to no longer peg its currency to the dollar gave a sharp lift to U.S. stock futures Thursday.

The surprise move by China, reported just after 7 a.m. ET, would have its currency, the yuan, pegged to a basket of currencies rather than just tied to a fixed exchange rate to the dollar.

The move is seen as a benefit to many U.S. firms, which could face less competition from lower-priced Chinese imports or get more money for their sales in the world's largest country.




U.S. stock futures soared immediately after the reports by Reuters just after 7 a.m. ET. after being mixed in earlier trading.