Yuan volatility may signal appreciation

According to this article published Wednesday 16 August by Reuters, big swings in the dollar/yuan rate over the past three days suggest China's foreign exchange market is becoming freer and more volatile.

"Since Monday, the yuan has moved more widely than at any time since it was revalued and depegged from the dollar in July 2005. On Tuesday, the yuan tumbled 0.28 percent, its biggest single-day percentage drop since the repegging," the article says.

"Those swings are only about half of what is

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