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Chinese Yuan Suddenly Gained 8.5%????

revoldlogrevoldlog Posts: 459
in Precious Metals
I couldn't find any news online, but when I look at the exchange rate last Friday, it was quite strange.
And just now, it is showing USD/CNY 5.8642 on yahoo finance!!

Is it a glitch? If it is not a computer glitch, I think it will have serious ramification on gold and USD value.
BST reference: wondercoin, cone10, fivecents, jmdm1194, goldman86

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    JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    I can assure that is incorrect. I'm in China now and I exchanged greenbacks today @ 6.45. The official rate is 6.46. Manufacturs are building in 6.30 into their prices at an minimum. 6.20 is the built in norm. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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