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China might increase interest rates as early as this month, but will probably not allow the yuan...

China might increase interest rates as early as this month, but will probably not allow the yuan to rise until the June-Oct. period, senior government economist Zhu Baoliang said this morning. He added that another one-off revaluation was unlikely, but said the yuan peg could be shifted to a basket of currencies. (yuan ETF: CYB)
Comments (1)
  • kmi
    , contributor
    Comments (4018) | Send Message
     
    There's an idea, dollar recently stronger to euro therefore yuan stronger to euro, peg the yuan to the euro for now while its weak and unlikely to improve then "revalue" and peg to another currency later...

     

    Or am I being too simplistic...
    9 Apr 2010, 08:02 AM Reply Like
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