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NewsWhore
04-26-2011, 04:30 AM
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PIMCO&#39;s Baker Says Yuan Will Gain More Than Forwards Indicate (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE7jwQ53cMguvmf3DNg1yfrtgpTmg&url=http://www.bloomberg.com/news/2011-04-26/pimco-s-baker-says-yuan-will-gain-more-than-forwards-indicate.html)
Bloomberg
The yuan fell 0.17 percent to 6.3435 per dollar in the 12- month non-deliverable forwards market as of 3:49 pm in Hong Kong, reflecting bets the currency will gain 2.9 percent in a year from the onshore spot rate of 6.5246. “We are very constructive on ...

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