CNY: De Facto Yuan Peg To Remain In Place

June 2009
Emerging Markets Monitor;6/22/2009, Vol. 15 Issue 12, p6
Country Report
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.


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