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View Full Version : China Yuan Forwards Gain Most in a Week on Europe Plan Progress - Bloomberg



NewsWhore
10-17-2011, 05:40 AM
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China Yuan Forwards Gain Most in a Week on Europe Plan Progress (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGpNXPaMkeytUOKZrQBSr6Q-8ny1A&url=http://www.bloomberg.com/news/2011-10-17/china-yuan-forwards-gain-most-in-a-week-on-europe-plan-progress.html)
Bloomberg
“A firmer fixing confirms that China continues to want its currency to appreciate.” Twelve-month non-deliverable forwards rose 0.36 percent to 6.3790 per dollar as of 4:31 pm in Hong Kong, a 0.13 percent discount to the onshore spot rate, according to ...

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