Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (26925)	1/24/1999 1:24:00 PM
From: John Hunt	Read Replies (2) \| Respond to of 116764

China ponders yuan devaluation << The devaluation of China's currency, the yuan, might not be a bad thing, the official China Daily said yesterday, quoting analysts in the first such admission since the start of the Asian economic crisis in 1997. Financial markets across the world had responded positively last week to the devaluation of the Brazilian real, the paper said, raising the possibility of a yuan devaluation. "Some analysts said the devaluation or floating of the renminbi (yuan) would not definitely be a bad thing and may not trigger a fresh round of currency devaluation," it said. Beijing has held the yuan steady at about 8.3 to the US dollar and has repeatedly pledged to prop up the currency in the interests of regional stability. -- cont'd -- >> theaustralian.com.au What a crock ... now devaluations are good.