Is Dollar Strength Influencing PBOC Yuan Policy?
Chinese officials plan to press their American counterparts in annual talks next month on the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter. The Chinese delegation will try to deduce whether a June or a July rate rise is more likely, as their nation’s policy makers prepare for the potential impact on financial markets and the yuan, the people said, asking not to be named as the discussions were private. In China’s view, if the Fed does lift borrowing costs, a July move would be preferable, the people said. Northern Trust International CIO Wayne Bowers discusses China's outlook on the dollar with "On the Move" hosts Guy Johnson in London and Matt Miller in Berlin.