(Bloomberg) -- The yuan rose the most in a week
before U.S. Treasury Secretary Henry Paulson meets with Chinese
policy makers to call for faster appreciation.
The currency climbed 0.19 percent, bringing its gains since
the end of a fixed exchange rate in July 2005 to 8.1 percent.
The central bank widened the daily limit on the yuan's
fluctuations on May 18, strengthening the position of China's
top trade negotiator, Vice Premier Wu Yi, at talks today in
Washington.
Read more at Bloomberg Currencies News
before U.S. Treasury Secretary Henry Paulson meets with Chinese
policy makers to call for faster appreciation.
The currency climbed 0.19 percent, bringing its gains since
the end of a fixed exchange rate in July 2005 to 8.1 percent.
The central bank widened the daily limit on the yuan's
fluctuations on May 18, strengthening the position of China's
top trade negotiator, Vice Premier Wu Yi, at talks today in
Washington.
Read more at Bloomberg Currencies News
No comments:
Post a Comment