TITLE

CNY: De Facto Yuan Peg To Remain In Place

PUB. DATE
June 2009
SOURCE
Emerging Markets Monitor;6/22/2009, Vol. 15 Issue 12, p6
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article forecasts that the de facto yuan peg against the U.S. dollar will remain in place for the foreseeable future. Analysts slightly adjusted their year-end forecast from Chinese yuan 6.9000/U.S. dollar to Chinese yuan 6.8500/U.S. dollar. It is suggested that upside pressures on the yuan remain muted in spite of the decision to revise the end-2009 yuan forecast and the 2009 real gross domestic product (GDP) growth forecast.
ACCESSION #
42207582

 

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