UK bank sees possible rise in yuan
By Ding Yining |
May 10, 2010, Monday
|
Print Edition
Print Edition
CHINA may allow the yuan to climb slightly, a UK bank said, after a government think tank urged that the currency's floating rate be widened gradually.
The Chinese currency dipped slightly against the US dollar last week and ended at 6.8271 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8263 by the end of the previous week.
"China might let the yuan go through a gradual and slight appreciation starting in the middle of this month," Standard Chartered Bank wrote. "This will give time for exporters to adjust to the change."
The bank projected that the daily rate "may rise at a larger pace after several months and the yuan may be depegged from the dollar."
The State Information Center said last Friday China should widen the yuan's daily rate band gradually.
The Chinese currency dipped slightly against the US dollar last week and ended at 6.8271 last Friday, according to the China Foreign Exchange Trade System. The yuan closed at 6.8263 by the end of the previous week.
"China might let the yuan go through a gradual and slight appreciation starting in the middle of this month," Standard Chartered Bank wrote. "This will give time for exporters to adjust to the change."
The bank projected that the daily rate "may rise at a larger pace after several months and the yuan may be depegged from the dollar."
The State Information Center said last Friday China should widen the yuan's daily rate band gradually.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
