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Yuan Rate Hits Record, Fueling Asian Currencies

SINGAPORE-China's central bank fixed the yuan's exchange rate at a record high against the dollar Wednesday, hours after it raised interest rates to cool its economy, setting the tone for a broad rise in Asian currencies as authorities aim to quell rising inflation pressures.

 

Source: The Wall Street Journal

 

http://online.wsj.com/article/SB10001424052748703754504576133123646623268.html?mod=WSJASIA_hpp_LEFTTopWhatNews

14 February 2011 | View: 126 | News » Theme of day | Printint version
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