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April 14, 2012

A Few Thoughts on China's Wider CNY Band

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China announced earlier today (April 14) that it will widen the allowable band the US dollar trades in against the Chinese yuan or renminbi. The new band is 1% from the official fixing rather than the 0.5% that band that has been maintained since May 2007 before which the band was 0.3%. Although... FF News: Fundamental

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