(Bloomberg) -- The yuan fell from its highest close
since the end of a dollar link in 2005 on speculation the
central bank wants to increase two-way exchange rate movements
to deter wagers on continued currency gains.
``China is unlikely to let up on its effort to keep hot
money from coming into the country,'' said Jin Di, a foreign-
exchange trader at Bank of China's branch office in Shanghai.
``The two-way fluctuations of the yuan will continue.''
Read more at Bloomberg Currencies News
since the end of a dollar link in 2005 on speculation the
central bank wants to increase two-way exchange rate movements
to deter wagers on continued currency gains.
``China is unlikely to let up on its effort to keep hot
money from coming into the country,'' said Jin Di, a foreign-
exchange trader at Bank of China's branch office in Shanghai.
``The two-way fluctuations of the yuan will continue.''
Read more at Bloomberg Currencies News
No comments:
Post a Comment