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Re: IMF steps up pressure for dollar depreciation



In a message dated 4/20/2006 1:43:10 P.M. Eastern Daylight Time, jdevine03@xxxxxxxxx writes:
if the dollar depreciates, but the yuan stays (relatively) fixed to
the dollar, doesn't that mean yuan devaluation relative to all other
currencies not fixed to the dollar?
Comment: The Yuan, or the Renminbi more exactly, is pegged against a basket of currencies, but the weighs are not known to the public. So it all depends on the policy the officials at the Bank have with respect to these other currencies. The adjustment won't be automatic.
CS


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