UPDATE 1-U.S. companies see yuan revaluation as first step

Newswire

(Adds Nucor, P&G; Microsoft) NEW YORK, July 21 (Reuters) - The following are comments from U.S. companies on China's decision to revalue its yuan currency by 2 percent, linking it to a basket of currencies rather than directly at 8.28 yuan to the dollar, as it has for a decade. DANIEL DIMICCO, CHIEF EXECUTIVE OF NUCOR CORP. : "This is just tokenism. Tying it to a basket of currencies we don't even know yet is no different from the peg they had before. I am very disappointed but ...

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