The Chinese yuan appreciated today on the speculation that China will allow its currency to strengthen ahead of the President’s Hu Jintao visit to the US next week.
Yuan Rises Beyond 6.6 per Dollar as China Battles Inflation
December 31st, 2010 at 14:09
Chinese Yuan
The Chinese yuan gained today against the US dollar, rising for the first time since 1993 beyond 6.6 yuans per dollar level, on the speculation that the government may allow the currency to appreciate faster in an attempt to rein the inflation. The currency weakened against the euro.
Can Yuan’s Gains Be Limited by Demands for Slower Appreciation?
December 29th, 2010 at 15:47
Chinese Yuan
The Chinese declined today as the Chinese executives call for a slower appreciation, while criticizing the US for the debasing of its currency and creating asset-bubbles on the emerging markets.
Yuan Slips as China Raises Interest Rates and May Do So Again
December 27th, 2010 at 19:34
Chinese Yuan
The Chinese yuan slipped today as the central bank raised its interest rates in an attempt to curb China’s significant inflation and to prevent the asset-bubble. China’s economic growth makes traders expect another rates hike in the future.
Yuan Appreciates as China’s Trade Surplus Grows
December 09th, 2010 at 12:07
Chinese Yuan
The Chinese yuan gained today on the speculation that the growing trade surplus would prompt the Chinese government to allow faster appreciation of the currency.
Yuan Appreciates as China’s Economy Continues to Grow
December 02nd, 2010 at 11:56
Chinese Yuan
The Chinese yuan rose today on the speculation that China’s foreign reserves, which are largest in the world, would support the currency despite the European debt troubles and the tensions among North and South Korea.
Chinese Yuan Rises on Outlook for Further Interest Rates Hike
November 13th, 2010 at 7:19
Chinese Yuan
The Chinese yuan strengthened on the speculation that the central bank may increase the interest rates in order to slow the rapidly growing inflation, which may create an asset bubble.
Yuan Appreciates Ahead of G-20 Meeting
November 09th, 2010 at 16:57
Chinese Yuan
The Chinese yuan gained today on the speculation that the Chinese government would allow the currency to appreciate ahead of the Group of Twenty meeting.
Yuan Appreciation Slows as Dollar Strengthens
October 28th, 2010 at 16:53
Chinese Yuan
The Chinese yuan fell today to the lowest level in a month after the central bank set the reference rate lower for the third day, fueling the speculation the government would limit the currency’s gains.
China Raises Interest Rates, Can It Prevent Asset-Bubble?
October 20th, 2010 at 1:24
Chinese Yuan
The Chinese yuan slumped today against the US dollar, before rebounding later, after China’s policy makers raised the interest rates for the first time since 2007 to prevent the asset-bubble. The Chinese currency gained versus the euro.