Others News
- EU to press China over yuan
Date: 26-Nov-2007 Sources: (Shenzhen Daily)
TOP European Union officials will head to China this week in an attempt to engineer a system of more stable exchange after a week in which the euro reached record levels and OPEC considered cutting its reliance on the dollar.
Though planned for weeks, the meetings coincide with some of the sharpest moves in currency markets yet, with the euro rising early Friday to US$1.4967, only a third of a cent below the psychological threshold of US$1.50 and the highest level since the euro was introduced in 1999.
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