Tag: China Foreign Exchange Trade System
Yuan Needs 3% Gain to Stop Exit of ‘Hot Money,’ Researcher Says
By Judy Chen
March 10 (Bloomberg) — China should let the yuan rise 3 percent against the dollar in 2009 to deter capital outflows and help the country make overseas acquisitions, saidWang Jian, a researcher affiliated with the nation’s top planning agency.
Posted: March 10th, 2009 under News.
Tags: Bailout, China Foreign Exchange Trade System, Currencies, Currency Trading, Dollar, Forex, Forex Market, Forex Trading, Global economic growth, Global Recession, Yuan
Comments: none
Asian Currencies: Won, Taiwan Dollar Advance on China Plans
By Lilian Karunungan and Patricia Lui
March 5 (Bloomberg) — South Korea’s won and Taiwan’s dollar led gains in Asian currencies as speculation China may unveil new plans to revive growth helped push up global equities.
Posted: March 5th, 2009 under News.
Tags: Asian Currencies, Asian stock, China Foreign Exchange Trade System, currency reserves, Currency Trading, Dollar, ECB, Euro, Forex, Forex Market, Forex Trading, Global Recession
Comments: none