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Dollar peg is dead as China vows yuan flexibility

posted by Avatar chezka 705 days ago in USD made popular 705 days ago

China on Saturday said it would gradually make the yuan more flexible, in a gesture that may deflect foreign criticism at next week’s G20 summit, but will not quickly yield a big move by its currency. U.S. President Barack Obama, who prodded China over the yuan in a letter released on Friday ahead of a Group of 20 meeting next week.
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