AMP Treatise

Beijing moves to quell revaluation furvor. Apparently, while all the finance journalists were out of the office, a tourism journalist wrote a story,which after being widely mistranslated, caused the movement of several billions of dollars of foreign currencies in a matter of minutes. Oops. Some banker in Shanghai realized the mistranslation and the markets quickly reversed.

Looks like revaluation is a while off, despite the best efforts of the US government.