Tags » People's Bank Of China
CHINA’S CENTRAL BANK has been acting out of character this week — or at least out of recent character. It has surprised and alarmed investors by unexpectedly pushing down the value of the yuan against the dollar and easing its tight grip on money markets. 163 more words
The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors.
The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of investors think the renminbi will surpass the U.S. 398 more words