(Bloomberg) -- The yuan extended gains to 0.44
percent over the past two days, signs the central bank is
allowing faster appreciation to cut a record trade surplus.
The advance equaled the currency's rise for the whole of
June after a government report yesterday showed the trade gap
exceeded expectations, giving U.S. lawmakers more reason to press
for changes in the foreign-exchange regime. Exports at an all-
time high are flooding the economy with cash, stoking lending and
investment and making it difficult for China to cool growth.
Read more at Bloomberg Currencies News
percent over the past two days, signs the central bank is
allowing faster appreciation to cut a record trade surplus.
The advance equaled the currency's rise for the whole of
June after a government report yesterday showed the trade gap
exceeded expectations, giving U.S. lawmakers more reason to press
for changes in the foreign-exchange regime. Exports at an all-
time high are flooding the economy with cash, stoking lending and
investment and making it difficult for China to cool growth.
Read more at Bloomberg Currencies News
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