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Asian stocks up after China currency announcement (AP)

June 21st, 2010

** FILE ** In this Nov. 17, 2009, file photo, a bank clerk stacks up renminbi banknotes at a bank in Hefei in central China's Anhui province. China's central bank promised Saturday June 19, 2010, to allow more exchange rate flexibility, suggesting a possible break from the Chinese yuan's two-year peg to the U.S. dollar, but it ruled out any large-scale appreciation. (AP Photo/File) ** CHINA OUT **AP - Asian stock markets rose Monday as investors took heart from China’s announcement over the weekend that it was ending its currency’s two-year peg to the dollar, though there was no immediate change in the yuan’s exchange rate.


Tags: China, Currency, announcement, Asian, stocks, after

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