Word: pegged
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...stable arrangement for the global financial system. From the Chinese perspective, it will help relieve the tensions that have been building from its failed "sterilization" tactics?the inability of China to issue enough domestic debt to offset the massive purchases of U.S. Treasuries required by the now abandoned dollar peg. This was leading to excess money and credit creation?underscoring the mounting risks of inflation and asset bubbles. China's coastal property bubble was a manifestation of this risk, which Beijing could no longer afford to ignore. A "managed float" provides China with greater discretion on the sterilization front, thereby...
...need to diversify its enormous portfolio of foreign-exchange reserves, which totaled some $660 billion at the end of the first quarter. Other Asian countries?also massively overweighted in dollars?should follow China's lead. The near-simultaneous announcement by Malaysia that it would abandon the ringgit's dollar peg in favor of a managed basket float confirms such a possibility. The Bank of Korea has also been itching to diversify out of dollars...
...walk issued to Farkes, before coming home on Josh Klimkiewicz’s double down the left-field line. Both Farkes and Klimkiewicz would score two batters later, thanks to a sacrifice fly from Steffan Wilson and a throwing error charged to Sabatella, who misfired while attempting to peg Klimkiewicz as he advanced to third, allowing the latter to cross the plate...
...brief spin last week when the website for the Chinese Communist Party mouthpiece People's Daily carried an erroneous story stating that China would soon revalue its currency, the yuan. China's central bank quickly dashed the expectation, saying it has no immediate plans to change the yuan's peg to the U.S. dollar. But the scare was enough to prompt all sorts of questions on the Chinese currency. We oblige with the answers...
...Robyn Ochs looks ahead to her one-year wedding anniversary tomorrow, she says her marriage to Peg Preble has left her day-to-day life largely unchanged...