[mattduke]

Chart Here

"The People's Bank of China may at last be substantially revaluing its currency - even if officially it has told no-one."

"Dramatic changes in recent months and especially the last week in the crawling dollar peg the central bank sets for the renminbi (RMB) are leading to big cumulative shifts in its rate.

The changes this month alone would see a 15pc-16pc hike on an annualised basis, and markets are starting to estimate that the gain may be as much as 9pc over the year.

That would bring the total change since the government abandoned the fixed peg in July 2005 to nearly 20pc."

telegraph

[ohanian]

My secret plan to prevent the Chinese from buying too much oil
by raising up the price of oil in US dollars had worked! - Dubya

If only we could have a chart of the price of oil in Renminbi
Maybe it is a nice flat level line.

[Bas]

$this->bbcode_second_pass_quote('ohanian', '
')
If only we could have a chart of the price of oil in Renminbi
Maybe it is a nice flat level line.

[Gerben]

It seems to be accelerating. That means in about 5 years, 1 US$ = 1 piece of toiletpaper.

[jlw61]

$this->bbcode_second_pass_quote('Gerben', 'I')t seems to be accelerating. That means in about 5 years, 1 US$ = 1 piece of toiletpaper.

[joewp]

$this->bbcode_second_pass_quote('Gerben', 'I')t seems to be accelerating. That means in about 5 years, 1 US$ = 1 piece of toiletpaper.