media - What went wrong with the Rmb story

The story in the People's Daily yesterday about the planned revaluation of the renminbi, denied later, has caused quite some upheaval. Bloomberg sent the initial story into the financial world, causing an estimated US$ 2 billion in transactions and many angry faces as it proved to be wrong.
Andrew Browne of the WSJ has an excellent wrap-up (subscription needed) of the story and this is what he says about the role of the newswires:

Bloomberg defended its handling of the story. "If China's government newspaper runs a story saying China is relaxing its currency peg, that is big news, and it's natural that it should be on Bloomberg," said Judith Czelusniak, Bloomberg's spokeswoman in New York. "We'd be remiss in not reporting it," she said. When the People's Daily announced their story was a poor translation "we reported that immediately," she added.
Reuters added to what turned out to be a chain of confusion. At one point, it flashed the news that Bloomberg was quoting the People's Daily as reporting a yuan appreciation.

I think they should have more clear that this was only a very dodgy story, even when published in the People's Daily.