Posts Tagged ‘ Chinese yuan ’

The voodoo rhythm economic battle continues China’s yuan hits all-time high versus dollar Currency expected to appreciate further next year as China ignores US pressure to devalue its currency.

December 26, 2011
The voodoo rhythm economic battle continues China’s yuan hits all-time high versus dollar   Currency expected to appreciate further next year as China ignores US pressure to devalue its currency.

The PBOC injected US dollars into the market whenever there were signs that the yuan would weaken sharply [EPA] The yuan has closed up against the United States dollar after hitting an all-time high in intra-day trading, guided by a stronger mid-point by the People’s Bank of China (PBOC), and looks set for an over [...]

Tags: , , , , , , ,
Posted in China, US economy, US Foreign Policy, US Politics | No Comments »

Categories

Archives