Chinese Yuan Suddenly Gained 8.5%????

revoldlog

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.

Justacommeman

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