|
|
Article: Yuan is poised to continue its climb against the dollar
- Article from:
- International Herald Tribune
- Article date:
- May 27, 2008
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
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 ...