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View Full Version : Yuan Forwards Drop on Weaker Fixing, Europe's Escalating Woes - Bloomberg



NewsWhore
07-18-2011, 12:10 AM
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Yuan Forwards Drop on Weaker Fixing, Europe&#39;s Escalating Woes (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHQLu5Z7XRsw8GPFtYclpIEp2zRew&url=http://www.bloomberg.com/news/2011-07-18/yuan-forwards-drop-on-weaker-fixing-europe-s-escalating-woes.html)
Bloomberg
The People&#39;s Bank of China set the currency&#39;s reference rate 0.02 percent lower at 6.4680 per dollar as European bank tests showed lenders may need to raise as much as 80 billion euros ($113 billion) to shore up capital. Euro-area government leaders ...

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