Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Dollar Knocked by China Renminbi Hints

Print comment Post Comments
IS THE RENMINBI THE TAIL WAGGING THE DOLLAR DOG?
"The US dollar fell against major Asian currencies while gold reached a new record high after China’s central bank acknowledged the case for a stronger renminbi on Wednesday, days ahead of the arrival in Beijing of US president Barack Obama for talks expected to highlight mounting international concern over Chinese currency policy," the Financial Times reported. "The People’s Bank of China said foreign exchange policy would take into account “capital flows and major currency movements”, a pointed reference to the large speculative inflows of capital that China is receiving and US dollar weakness."
SOURCE:   Financial Times

TICKERS