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Careful What You Wish For . . .
Posted By Barry Ritholtz On July 21, 2005 @ 9:25 am In Currency,Economy | Comments Disabled
Today, the People’s Bank of China revalued the RMB by 2.1%, from 8.27 to 8.11 to the US Dollar, against a basket.
Be sure to read that piece  as to some of the dangers to the US economy of this revaluation.
More to come on this later . . .
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