World Markets Rally on China's Decision to Remove Peg to the US$

World Markets Rallied today, including the JSE on China's announcement to be more flexible in protecting it's currency by removing the peg to the US$ that has been in place for over two years. This shows strong confidence in China's economic position. The Nikkei rallied 2.43%, FTSE 0.77% and the JSE is up over 1.12%.