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Central Rate Exchange rates against the ECU adopted for each currency within the EMS.Currencies have limited movement from the central rate according to the relevant band. Certificate of Deposit (CD) A negotiable certificate in bearer form issued by a commercial bank as evidence of a deposit with that bank which states the maturity value, maturity rate and interest rate payable.CDs vary in size with maturities ranging from a few weeks to several years. CDs may normally be redeemed before maturity only by sale on the secondary market but may also be redeemed back to issuing bank through payment of a penalty.

Bad Consolidation Credit Debt U.S. Federal Reserve chairman Alan Greenspan says China may move soon to make its currency, the yuan, more flexible.

This suggests that the central bank President will probably be taming down his comments on December 7th, which would be construed as bearish for the currency.

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Not all the news was bad yesterday, as US growth numbers were positive, putting the onus on other Central Banks to evaluate possible rate hikes.

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The currency of the European Monetary Union (EMU). A replacement for the European Currency Unit (ECU). Eurodollars U.S. dollars on deposit with a bank outside of the United States and, consequently, outside the jurisdiction of the United States. The bank could be either a foreign bank or a subsidiary of a U.S. bank. European Central Bank (ECB)

Bad Car Credit Loan June 7, 2005 (AXcess News) Beijing - U.S. Federal Reserve chairman Alan Greenspan says China may move soon to make its currency, the yuan, more flexible. China, however, is standing firm saying it will not be pressured into removing its current peg.

A foreign currency held by central banks and other major financial institutions as a means to pay off international debt obligations, or to influence their domestic exchange rate. Resistance A term used in technical analysis indicating a specific price level at which analysis concludes people will sell. Revaluation An increase in the exchange rate for a currency as a result of central bank intervention. Opposite of Devaluation.

Bad Credit Loan Mortgage U.S. central bank chairman Greenspan took part in a panel of central bankers who gathered in Beijing Tuesday. Speaking from Washington via video-link, he said he expects China to make its currency - now fixed at a rate of about 8.20 RMB to the dollar - more flexible in the near future.

Auto Bad Credit Loan "The issue of allowing flexibility in some form in the RMB, strikes me as very much to the advantage of China and indeed it's something that I am certain they will take on reasonably soon," said Mr. Greenspan.Sitting on the panel Tuesday was Chinese central bank Governor Zhou Xiaochuan, who repeated China's position that it will not bow to outside pressure. He said China will take its time to make any changes. "Right now, if there is too much expectation on the role of the RMB, I think probably it's too heavy on our shoulders and I think it's not so good at this moment to try that," he said.

Bad Credit Mortgage Refinance The official said China has much work to do in reforming its banking institutions so that they can be ready to handle the pressures that would be created by a floating currency.

Bad Credit Refinance Some politicians and labor groups in the United States want Washington to pressure China to allow its currency to float freely. They allege the current peg makes Chinese imports artificially cheap, causing the United States to lose jobs.

Bad Credit Mortgage Second However, Mr. Greenspan told panelists that while an adjustment of the Chinese currency would bring a drop in Chinese exports to the United States, it would not cause the giant U.S.-China trade deficit to shrink very much, if at all.

Bad Credit Loan Student Central bankers from Europe and Japan at the conference also expressed their support for making the yuan more flexible.

Bad Card Credit Source: Voice of America

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