(Bloomberg) -- The yuan headed for the best quarter
since a dollar link was scrapped in 2005 as China allows gains to
cool its economy and ease a record trade surplus.
The currency also rose to the highest since the link ended
as a central bank report today said the economy may expand 10.8
percent in 2007, the fastest pace in 12 years. People's Bank of
China Governor Zhou Xiaochuan has said China will boost the
yuan's flexibility as some U.S. lawmakers press for quicker gains.
Read more at Bloomberg Emerging Markets News
since a dollar link was scrapped in 2005 as China allows gains to
cool its economy and ease a record trade surplus.
The currency also rose to the highest since the link ended
as a central bank report today said the economy may expand 10.8
percent in 2007, the fastest pace in 12 years. People's Bank of
China Governor Zhou Xiaochuan has said China will boost the
yuan's flexibility as some U.S. lawmakers press for quicker gains.
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment