Monday, the People’s Bank of China has set the central parity rate for the yuan at a fresh record high of 6.4988 per dollar ahead of this week’s US-China Strategic and Economic Dialogue in Washington.
The yuan’s parity rate was fixed at 6.5003 per dollar on Friday.
The Chinese central bank sets the central parity rate every morning and allows the currency to fluctuate up to 0.5 percent from that level.
China’s exchange rate policies have been a sore spot in U.S. – China relations for years with Washington accusing Beijing of deliberately undervaluing the dollar to give Chinese companies an unfair trade advantage.
In a quarterly monetary policy report released last week, the People’s Bank of China reaffirmed that the government will keep the yuan’s exchange rate basically stable – a phrase that implies yuan appreciation against the dollar will be gradual and controlled in line with China’s economic conditions.
Meanwhile, U.S. Treasury Secretary Timothy Geithner said last week that China is starting to let the yuan rise more rapidly to curb inflation but needs to move even more swiftly toward a market-driven exchange rate.
The Chinese yuan that rose to a 4-day high of 6.4935 against the U.S. dollar in today’s early Asian trading at 6:15 pm ET has moved off slightly thereafter. As of now, the yuan is worth 6.4962 per dollar. The dollar-yuan pair closed last week’s trading at 6.4943.
The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.
Sorry for the huge review, but I’m really loving the new Zune, and hope this, as well as the excellent reviews some other people have written, will help you decide if it’s the right choice for you.
I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)
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Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.
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This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.
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Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.
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