An editorial in today’s China Securities Journal is calling for a widening of the USD/CNY trading band from its current o.5%. USD/CNY was fixed at a renewed record low yesterday at 6.3950 and the Chinese authorities seem ready to allow the Yuan to appreciate faster, especially as they fight against inflation.
The World Bank Chief is in Canberra today and he has added his voice to the debate, saying further Yuan appreciation would be positive.
