Monday, March 8, 2010

Roubini Says Cautious China to Limit Yuan Gain to 4%

Nouriel Roubini

March 8 (Bloomberg) -- China will limit the yuan’s appreciation to 4 percent over the next 12 months because of a “super cautious” outlook on the global economy, said New York University Professor Nouriel Roubini.

The central bank may end a 20-month peg to the dollar as soon as the second quarter, allowing a 2 percent one-step gain, and then let the currency strengthen another 1 percent to 2 percent in 12 months, Roubini said in an interview in New York. The yuan rose 21 percent between July 2005 and July 2008, when the government halted its advance to protect exports.

Read full article

China Alters Tone on Exchange Rate Policy, Signals Shift

March 8 (Bloomberg) -- Bloomberg's Sarah Eisen reports on the outlook for China's yuan

Daiwa's Irvine Says China's Yuan Is Not a `Policy Tool'

Craig Irvine, co-head of regional research at Daiwa Capital Markets, talks with Bloomberg's Bernard Lo about the outlook for the apprecation of China's yuan. Irvine, speaking in Hong Kong, also discusses his investment strategy for Chinese and Taiwanese stocks. (Source: Bloomberg)

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