30.07.2012 - As markets turn bearish on yuan, Beijing becomes the bull
Market forces are mostly to blame for the yuan's unprecedented fall against the dollar in recent months, market participants say, with Chinese regulators now busy propping up the currency, marking a major reversal in approach as the country's economic growth slows. The yuan has fallen 1.4 percent against the U.S. dollar this year and touched 10-month lows, its first period of extended weakness since China's landmark de-pegging of the currency in July 2005...............................................Full Article: Source
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