posted
Now I know where Wu puts all the money he makes.
This is on reuters news service today
"Wu Xiaoling, a vice governor of the People's Bank of China, said China was in fact already letting market forces drive the yuan. The currency rose 0.14 percent last week, the biggest gain in any week since it was unshackled from the dollar.
"I think this is the result of market operations and what we want is to let the market mechanism, based on supply and demand, play a role," Wu told Reuters when asked about the quickening pace of the yuan's climb.
posted
And here I always thought Wu was a founding member of the Wu-Tang Clan....go figure....j/k...lol
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