Yuan Forwards Have Best Week of 2011 as China May Quicken Gains
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Yuan forwards had the biggest weekly gain this year before data due next week that economists estimate will show inflation accelerated to a 32-month high.
The currency touched its strongest in 17 years today after State Information Center Chief Economist Zhu Baoliang said the People’s Bank of China should let the yuan appreciate to curb price gains and improve its balance of international payments, in a commentary published yesterday in Shanghai Securities News.