China Reintroduces Currency Flexibility

Over this past weekend, Chinese officials reverted to their 2005-2008 policy when they announced their intention to “proceed further with reform of the renminbi exchange rate regime and to enhance the renminbi exchange rate flexibility.” The reintroduction of this policy should allow some modest appreciation of the yuan in the months ahead. Thank you for your interest in Wells Fargo’s Economic … Over this past weekend, Chinese officials reverted to their 2005-2008 policy when they announced their intention to “proceed further with reform of the renminbi exchange rate regime and to enhance the renminbi exchange rate flexibility.” The reintroduction of this policy should allow some modest appreciation of the yuan in the months ahead. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

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