Friday, May 18, 2007
To a whole 0.5% per day! When the existing 0.3% band was reached only twice since the reval! And all of this just before the SED! It's the start of a new era in foreign exchange and fixed income! Macro Man is unbelievably excited by this news!
Or, China could just be throwing Paulson a bone to head off the protectionists in Congress, and will change nothing about its behaviour.