Investors are also watching closely China’s currency. The People’s Bank of China has decided to allow the Yuan to climb or fall as much as two percent per day against the dollar. Most currencies by contrast are free floating. This may sound like a small move, but its a big step toward a more market-based economy. Sara Eisen tells us how the shake-up could benefit some big American companies.
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“Nightly Business Report produced by CNBC” (NBR) is an award-winning and highly-respected nightly business news program that airs on public television. Television’s longest-running evening business news broadcast, “NBR” features in-depth coverage and analysis of the biggest financial news stories of the day and access to some of the world’s top business leaders and policy makers.Top Stories from CNBC
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