China revalues currency, removes yuan’s peg to U.S. dollar

The Chinese government said Thursday it will scrap its currency’s fixed exchange rate against the U.S. dollar and let the yuan float in a tight range against a group of curriences.

It feels strange that in the 20 minutes it took from the time of the news article to the time I post I have made over $75 Canadian. It feels strange to be making money by doing nothing other than look at the value of a currency.

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