BoA-Merrill Lynch's Woo Interview

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Oct. 21 (Bloomberg) -- David Woo, head of global rates and currency research at Bank of America Merrill Lynch in New York, talks about China's raising of borrowing costs for the first time since 2007 and its implications for the nation's currency policy. The yuan fell the most in two months on speculation China’s rate increase alleviates the need for currency gains to combat inflation. Woo also discusses Federal Reserve monetary policy and the dollar. He speaks with Rishaad Salamat from New York on Bloomberg Television's "First Up." (Source: Bloomberg)

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