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Commodities Briefing - Categorized | Currencies

Time for Asian currencies to start ‘roaring’

Posted on 10 February 2010

Fom Bernama: It is about time for Asian currencies, especially the Chinese Yuan that has been pegged to the US Dollar, to start “roaring” as the region takes charge in leading the global economic recovery.

Currently, the Chinese government is reacting to their domestic interest rather than external pressures to allow Yuan to appreciate but this stance would change sooner or later, Aberdeen Asset Management director (business development) Donald Amstad said Tuesday…………………………………Full Article: Source

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