Asian Stocks Up After China Currency Announcement (ap)

admin | June 20, 2010, 23:00 | No Comments »

** FILE ** In this Nov. 17, 2009, file photo, a bank clerk stacks up renminbi banknotes at a bank in Hefei in central China's Anhui province. China's central bank promised Saturday June 19, 2010, to allow more exchange rate flexibility, suggesting a possible break from the Chinese yuan's two-year peg to the U.S. dollar, but it ruled out any large-scale appreciation. (AP Photo/File) ** CHINA OUT **AP – Asian stock markets rose early Monday after China ended its two-year peg to the dollar over the weekend, though there was no immediate change in the yuan’s exchange rate.

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