(Bloomberg) -- The yuan traded near the highest
since the end of a dollar link in July 2005 on speculation China
will pursue faster currency gains as part of measures to curb
economic growth and inflation. Bonds were little changed.
China's central bank on July 20 raised interest rates for a
third time this year to help cool an economy that expanded at
the fastest pace in 12 years in the second quarter. Export
growth has fueled pressure for the yuan to rise and led to ``hot
money'' inflows, according to a research note by the nation's
top economic planner, China Securities Journal reported today.
Read more at Bloomberg Emerging Markets News
since the end of a dollar link in July 2005 on speculation China
will pursue faster currency gains as part of measures to curb
economic growth and inflation. Bonds were little changed.
China's central bank on July 20 raised interest rates for a
third time this year to help cool an economy that expanded at
the fastest pace in 12 years in the second quarter. Export
growth has fueled pressure for the yuan to rise and led to ``hot
money'' inflows, according to a research note by the nation's
top economic planner, China Securities Journal reported today.
Read more at Bloomberg Emerging Markets News
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