China moves to meet currency flexibility vow

news.bbc.co.uk/2/hi/business/10372955.stm

*"Beijing announced plans on Saturday to make the yuan more flexible, breaking its strict peg to the US dollar.

And on Tuesday, for the first time since the pledge, its central bank raised the centre point of the currency's official trading band.

But analysts said China would still limit the appreciation so as not to damage its export-led economy."*

I was hoping that they would hold off until I went to China this Fall, but it sounds like the 6.8元=$1.00 formula isn't changing much.

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