Emily’s Effects on Cotton and Oil

Many cotton farmers in Texas feel that they got off pretty light as Hurricane Emily managed to not damage their crops too much. They didn't have much damage from winds, but heavy rains hurt crops some.

Yuan Now Pegged Against a Basket

After a decade of being pegged to the U.S. dollar, China's yuan currency has now been revalued by 2.1%, pegged against what they call a "basket of currencies".