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View Full Version : UBS's Wang Tao Says Yuan Band Widening 'Largely Expected' - Bloomberg



NewsWhore
04-14-2012, 12:30 AM
UBS's Wang Tao Says Yuan Band Widening 'Largely Expected' (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFW91gv2hjgcOBEeSVTr6LnuPMp4w&url=http://www.bloomberg.com/news/2012-04-14/ubs-s-wang-tao-says-yuan-band-widening-largely-expected-.html)
Bloomberg
“This is largely expected” and a good time to increase the currency's flexibility, Wang said, citing a reduction in China's current account balance and balanced market expectations on the yuan with “no large speculative bets one way or the other.

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