Friday, July 28, 2006

Rumour China widens the band this weekend

I am hearing a rumour that the Bank of China widens the band on its currency this weekend. The rumour seemed to come from the fact that Usd/Hkd moved from 7.7740 to 7.7690 and that Bank of China was the main seller. I am hearing there was good buy orders all the way down and all filled in.



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