男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
   

CHINA / National

Yuan has biggest gain against dollar
(Bloomberg)
Updated: 2006-04-19 14:52

The Chinese yuan had its biggest gain against the dollar since last year's revaluation on speculation that pressure from U.S. President George W. Bush and strengthening Asian currencies will force China to allow faster gains.

 
A shopper hands Chinese money to a cashier in Beijing in this May 27, 2004 file photo. China scrapped the yuan's peg to the U.S. dollar on July 21, 2005 and it tied it to a basket of currencies, the central bank said, the first steps in highly anticipated reforms aimed at letting the currency float freely.[Reuters]
Bush plans to ask China's President Hu Jintao in a meeting in Washington Thursday for a more flexible yuan.

Wednesday's rally followed gains in Asian currencies and the euro after the U.S. Federal Reserve signaled it may soon stop raising interest rates.

China's currency has gained 1.2 percent since July 21, when the yuan was revalued by 2.1 percent and its peg to the dollar replaced by a managed float against a basket of currencies including the euro and yen. Surging exports and investment in manufacturing helped China's economy grow 9.9 percent last year and contributed to a record $102 billion trade surplus.

"The U.S. will continue to pressure China," said Thio Chin Loo, a currency strategist at BNP Paribas SA in Singapore. "Given a stronger yen and euro, the central bank will allow the dollar-yuan to go lower."

The currency climbed 0.1 percent to 8.0158 per dollar as of 1:18 p.m. in Shanghai, according to data Bloomberg compiled. It rose as much as 0.14 percent, almost half the 0.3 percent it can gain or fall from a daily mid-rate the central bank announces.

The swings in the currency added to speculation China will allow wider daily swings in the yuan. The People's Bank of China may widen the overall daily band in which it allows the currency to move to as much as 1.5 percent against the dollar, and the yuan may rally to 7.6 by the end of the year, said Thio at BNP.

"Market Forces"

Cheng Siwei, vice chairman of the Standing Committee of the National People's Congress, or parliament, called for China to widen the trading band at an appropriate time, the Hong Kong-based Wen Wei Po newspaper reported on April 4.

Cheng's comments represent his own views, said an official at the central bank press office, who declined to be named.

U.S. government officials and lawmakers have blamed their country's trade deficit with China, which has set a record for five straight years, on an allegedly artificially weak yuan.

Treasury Secretary John Snow Tuesday said China hasn't allowed enough movement in the currency after President Bush on April 10 said he wanted Hu to explain at their meeting how he would allow more gains. The dollar fell in Asia Wednesday against all 16 major currencies that Bloomberg tracks.
Page: 12

 
 

Related Stories
 
主站蜘蛛池模板: 特克斯县| 怀仁县| 自贡市| 田林县| 徐水县| 福泉市| 黔西| 扬州市| 华阴市| 泉州市| 三明市| 义乌市| 菏泽市| 越西县| 安阳市| 土默特左旗| 达孜县| 台前县| 建瓯市| 廊坊市| 宜都市| 左贡县| 潢川县| 中江县| 岳池县| 柯坪县| 五大连池市| 阿合奇县| 富裕县| 承德县| 高邮市| 屯留县| 佛坪县| 金塔县| 玉门市| 漳浦县| 聂拉木县| 个旧市| 文化| 台州市| 施秉县| 承德县| 金湖县| 连城县| 鹰潭市| 华蓥市| 武陟县| 渝北区| 涪陵区| 禹州市| 彭州市| 广宗县| 罗山县| 如皋市| 上虞市| 阳城县| 余江县| 巴青县| 庄河市| 鹿邑县| 禄丰县| 独山县| 融水| 日土县| 水富县| 上饶县| 化德县| 巧家县| 焉耆| 枝江市| 股票| 泰安市| 中超| 冀州市| 汕尾市| 化州市| 邓州市| 富蕴县| 怀集县| 铜鼓县| 扎兰屯市| 壤塘县|