Chinese governmental officials have been somewhat quiet about the
Chinese Yuan of late, perhaps not wanting to incite certain American
politicians that are trying to lead the passage of a tariff on Chinese
imports. In a recent press conference, officials broke the silence by
hinting that the Yuan would witness an “accumulated slight revaluation”-
meaningless rhetoric which translates roughly into ‘business as usual.’
In other words, barring some unforeseen economic or financial
developments, forex traders can probably expect a 2-3% appreciation of
the Yuan in 2007.
Read More: China Says Yuan to Continue `Accumulated Slight Revaluation’
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