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View Full Version : Yuan Halts Two-Day Drop on Speculation Interest Rates to Rise - Bloomberg



NewsWhore
03-09-2011, 10:30 PM
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Yuan Halts Two-Day Drop on Speculation Interest Rates to Rise (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFnqmQ5RWJ3qaH1enh3P8Npw0jY7Q&url=http://www.bloomberg.com/news/2011-03-10/yuan-halts-two-day-drop-on-speculation-interest-rates-to-rise.html)
Bloomberg
The currency is allowed to trade up to 0.5 percent on either side of the official rate. Twelve-month non-deliverable forwards were little changed at 6.4185 per dollar, reflecting bets the currency will strengthen 2.4 percent in a year, according to ...

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