[News]RMB no longer pegged to USD

[Jun]

http://www.pbc.gov.cn/english/detail.as ... 00&id=1488

http://www.npr.org/templates/story/stor ... =128003562

Over the weekend, China announced that it would let its currency begin to move for the first time in years. As trading for the week opened, the Chinese renminbi (RMB) broke free from its long-held 6.83 rate to the dollar, and rose above 6.80.

No idea how this is going to affect the US and world economy.

[tiffany]

i am crying.

[豪情]

why?

[Knowing]

she has too much saving in dollar

[tiffany]

[豪情]

Only if she needs to spend in RMB.
BTW, it is a BSO. I wouldn't cry if I have too much saving, in US dollar or RMB.

[笑嘻嘻]

听有评论说不一定代表人民币会升值，因为上回中国也这么说来着，后来又改回来了。

[豪情]

应该还是会升的吧. 好象全国开放自由兑换了? 那倒是好消息.

[笑嘻嘻]

应该吧，大家都觉得会升。