The Chinese yuan will rise 4 percent against the dollar in the coming 12 months, making it the strongest performer among the BRIC country currencies, according to the latest Reuters poll.
As the Chinese economy expands with rising foreign exchange reserves, the yuan, also known as the renminbi, is set to extend an uninterrupted rise since it was de-pegged from the dollar just over a year ago.
A poll of 36 strategists and analysts, taken mostly before the People’s Bank of China (PBOC) raised interest rates for the third time this year …
Source : Chinafastener.info – Read the full Article via Poll: China yuan to rise 4 percent over coming year.