China to do something. Or not

Both these articles were published on Saturday. Which is right? Take your pick: New York Times, 6 March 2010 China's central bank governor indicated Saturday that the government was unlikely to detach the value of China's currency from that of the dollar anytime soon, echoing Prime Minister Wen Jiabao's statement on Friday that exchange rates would remain "basically stable" for now. Financial Times, 6 March 2010 Zhou Xiaochuan, governor of the People's Bank of China, gave the strongest hint yet from a senior official that China would abandon the unofficial dollar peg, in place since mid-2008. He said it was a "special" policy to weather the financial crisis. One thing certain: one of these articles will be right. Of course, to really understand how international financial markets work one should refer to the Currency Cat .