BIZCHINA / Photo
Yen fall sharply China ditches yuan peg to dollar
Updated: 2005-07-25 14:20
A Japanese man is reflected on an electronic screen displaying the day's
movements of the yen rate against the dollar in Tokyo July 22, 2005.
[Reuters]
Pedestrians are reflected on an electronic screen displaying the day's
movements of the yen rate against the dollar in Tokyo July 22, 2005. The
yen fell sharply on Friday, giving back almost half of its hefty gains
scored a day earlier when China ditched the yuan's peg to the dollar, as
the initial excitement over Beijing's long-awaited currency shift
subsided. [Reuters]
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