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Author: Starrob Big funky green star, 20000 posts Old School Fool Ticker Guide Global Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 189  
Subject: Yuan’s rise may signal new China policy Date: 8/15/2011 5:28 AM
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"HONG KONG (MarketWatch) — China may be pursing a new policy designed to help support coordinated efforts by U.S. and European officials to stabilize markets, while also curbing inflation at home, according to analysts, who pointed to a sharp appreciation in the yuan against the U.S. dollar last week.

The U.S. dollar traded at 6.3895 yuan in over-the-counter transactions Friday, with the yuan rising 0.8% for the week, its fastest weekly pace of appreciation in at least a year. The advance bring the yuan’s cumulative rise against the greenback to 3.1% for the year, or about 6.8% since June 2010, when Beijing allowed the currency to resume movement against the dollar. "


cont'd


http://www.marketwatch.com/story/yuans-rise-may-signal-new-c...
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