Article: Yuan is poised to continue its climb against the dollar

Steven C. Johnson Reuters
International Herald Tribune
05-27-2008
Yuan is poised to continue its climb against the dollar
Byline: Steven C. Johnson Reuters
Edition: 2
Section: FINANCE/BUSINESS

NEW YORK --

Investors are not ready to quit betting on a stronger Chinese yuan by year-end, though most concede that the currency is unlikely to regain the swift pace of appreciation against the dollar seen in the first quarter.

Predicting the yuan's exchange rate - never an easy task - has become tougher than ever now that markets fear China is orchestrating a slowdown in the yuan's gains against the dollar.
Since rising 4 percent against the dollar in the first three months of the year, the yuan's ...

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