(Bloomberg) -- China's yuan is rising at the fastest
pace since the nation's central bank abandoned its link to the
dollar in 2005, and U.S. lawmakers still aren't satisfied.
The yuan appreciated 1.5 percent last quarter as prices for
items such as food, rent and transportation increased the most in
27 months. Goldman Sachs Group Inc. and JPMorgan Chase & Co.
predict that inflation will force America's second-largest
trading partner to let its currency strengthen at least 7.5
percent in the next year, more than twice as much as in 2006.
Read more at Bloomberg Currencies News
pace since the nation's central bank abandoned its link to the
dollar in 2005, and U.S. lawmakers still aren't satisfied.
The yuan appreciated 1.5 percent last quarter as prices for
items such as food, rent and transportation increased the most in
27 months. Goldman Sachs Group Inc. and JPMorgan Chase & Co.
predict that inflation will force America's second-largest
trading partner to let its currency strengthen at least 7.5
percent in the next year, more than twice as much as in 2006.
Read more at Bloomberg Currencies News
No comments:
Post a Comment