Economic News
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Forex - US dollar firmer vs yen in Sydney afternoon trade; players await FOMC ...
29 Jan 2007
source:
iii.co.uk
SYDNEY (XFN-ASIA) - The US dollar was higher against the yen but easier against the euro in midafternoon trade here with attention turning to a busy week for US data, as well as the outcome Wednesday of the latest Federal Open Market Committee policy meeting, dealers said. They said the US dollar should continue to be supported for the moment after the release Friday of stronger-than-expected new ... |
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China wary of risks from international payment surplus - state newspaper ...
29 Jan 2007
source:
iii.co.uk
BEIJING (AFX) - China is wary of inflation and asset bubble risks arising from the country's international payments surplus, the official Financial News said in an editorial. According to the editorial, the surpluses lead to excess liquidity, and attract further investment, bringing the risk of inflation pressures and asset bubbles. It reiterated that China views achieving balance in internation ... |
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China's yuan to gradually become more flexible - central bank's Wu ...
29 Jan 2007
source:
iii.co.uk
DAVOS, Switzerland (AFX) - The yuan exchange rate will gradually become more flexible, People's Bank of China Deputy Governor Wu Xiaoling said at the World Economic Forum. Speaking at a panel discussion, Wu said: "The Chinese government will not press very hard on other countries to do something. We respect the different situation in other countries and their sovereignty." "The Ch ... |
