CNBC logo CNBC 4 weeks ago

China Should Drop Yuan's Dollar Peg: Merrill Lynch

China should unshackle the yuan from its dollar peg and follow Singapore's lead in targeting a basket of currencies to determine its exchange rate, Merrill Lynch's China economist said on Wednesday. Full Article at CNBC

Related Topics:

  1. Merrill Lynch
  2. Bank of America
  3. Wen Jiabao

Related Articles

  1. Economic Times logo
    China should drop Yuan's dollar peg: Merrill Lynch
    4 weeks ago

    China should unshackle the yuan from its dollar peg and follow Singapore's lead in targeting a basket of currencies to determine its exchange rate, Merrill Lynch's China economist said on Wednesday. Full Article at Economic Times

  2. Bloomberg.com logo
    Yuan Pegged Spurs China Exports, Luring Pimco to Forwards as Dollar Sinks
    1 month ago

    Oct. 23 (Bloomberg) -- Investors are the most bullish on the yuan in 14 months as China’s exporters say the currency’s link to the slumping dollar is helping revive sales. Full Article at Bloomberg.com

  3. MarketWatch logo
    China's yuan may resume rise, but more slowly
    2 months ago

    HONG KONG (MarketWatch) -- Chinese authorities may be about to loosen the reins on the nation's currency, allowing appreciation against the U.S. dollar to resume, although the pace could be slower than it was before the financial crisis. Full Article at MarketWatch

Related Quotes

  1. There are employment shortages in various parts of China
    SOURCE: Bloomberg.com 1 month ago
  2. The 12-month forward is pricing approximately 3 percent appreciation of the yuan, but I expect some 5 percent to 5.5 percent
    SOURCE: Bloomberg.com 1 month ago
  3. There are still a lot of questions as to whether the U.S. economy and consumers are truly reviving
    SOURCE: Bloomberg.com 1 month ago
  4. We are not looking for any abrupt moves, but directionally it would be for a stronger yuan and a weaker dollar
    SOURCE: MarketWatch 2 months ago
View all Related Quotes »
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  1. A customer looks at a Buick Regal car at a General Motors auto dealership in Shanghai December 4, 2009.
  2. BEIJING - DECEMBER 03: A Chinese man walks past a Christmas tree, installed for the upcoming Christmas celebrations, in front of a office building on December 3, 2009 in Beijing, China. Christmas continues to gain popularity in Chinese consumer culture year on year.
  3. TOKYO - DECEMBER 03: Pang Qing and Tong Jian of China compete in the Pairs Short Program during the day one of the ISU Grand Prix of Figure Skating Final at Yoyogi National Gymnasium on December 3, 2009 in Tokyo, Japan.
  4. BEIJING - DECEMBER 03: Laureen Harper, wife of Canada's Prime Minister Stephen Harper, visits the Temple of Heaven on December 3, 2009 in Beijing, China. Stephen Harper is in China during his five day tour visiting.
  5. WENZHOU, CHINA - DECEMBER 3: Believers chant during the veneration of great master Yung Chia' sarira at the Miaoguo Temple on December 3, 2009 in Wezhou of Zhejiang Province, China.
  6. Former chief executive of Merrill Lynch, John Thain, speaks at the Reuters Global Finance Summit in New York November17, 2009.
  7. WASHINGTON - NOVEMBER 17: Thomas May, member of the Bank of America Board of Directors, testifies during a joint hearing before the House Oversight and Government Reform Committee and its Domestic Policy Subcommittee November 17, 2009 on Capitol Hill in Washington, DC.

Cast of Characters

  1. Merrill Lynch Merrill Lynch
  2. Bank of America Bank of America
  3. Wen Jiabao Wen Jiabao
  4. International Monetary Fund International Monetary Fund