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04-14-2012, 12:30 AM
BOA's Lu Ting Says Widening Yuan Band Is Step to New FX Regime (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEgzXqy_TqlKK0B5Plm5HnezZVmBA&url=http://www.bloomberg.com/news/2012-04-14/boa-s-lu-ting-says-widening-yuan-band-is-step-to-new-fx-regime.html)
Bloomberg
The People's Bank is under pressure to build such a regime to avoid having to again peg the yuan to the dollar once it views the currency as no longer undervalued, Lu said. The intermediate goal is to “benchmark” the yuan against a trade-weighted ...

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