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Commodities Briefing - Categorized | Currencies more

Is China stopping control over the yuan?

Posted on 02 November 2012

Don’t look now, but China may be stepping away from its practice of controlling the level of the yuan. China’s currency policies may be a hot topic for Governor Mitt Romney in the Presidential election, but beneath the surface, all the bluster may be for naught.
That’s the takeaway from a new analysis by Simon Derrick, chief currency strategist at Bank of New York Mellon. Derrick notes that China’s reserve growth has essentially stalled………………………………………..Full Article: Source


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