Yuan forwards the strongest in almost two months

Yuan forwards rose, touching the strongest level in almost two months, on speculation investors will boost holdings of Chinese assets to benefit from an economic rebound.

“The market is quite optimistic about reform and the economy is improving,” said Bruce Yam, a currency strategist at Sun Hung Kai Financial Ltd.

There is increasing optimism about China’s rebound. Don’t question me on this, I don’t want to bring up the iron ore issue again (Joke… :-))

Yuan Forwards Rise to Two-Month High as Economic Rebound Seen