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Thread: RMB falls. What does this suggest?
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[quote=YVONNE,305841]So far in 2008, China's RMB has appreciated 6 percent. However, in recent days, it began to fall. Yesterday, RMB fell for its third consecutive day. By midday in New York, Chinese yuan dopped 0.2 percent. It is perceived that RMB's continued appreciation might stop according to the current situation. Meanwhile, some people and organizations guess that it might be a beginning of policy shift. The authorities want to remind the investors that they can't always make money from RMB appreciation. They also want to prevent speculative capital entering Chinese market. In the previous months, China has just used RMB as a tool to ease the inflation pressure in the over-heating economy. These are the analysts' guess. What are your opinions? Just "normal daily fluctuations"?[/quote]
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