
Beijing could let the yuan appreciate against the dollar by as soon as next month, ending the Chinese currency’s nearly two-year peg to the greenback, noted economist Professor Nouriel Roubini has told Bloomberg News.
However, "Dr Doom" forecast a “super cautious” move by the Chinese authorities, saying the yuan will be allowed to strengthen by 2% against the dollar initially - followed by an additional 1%-2% appreciation over the next 12 months.
Via The Daily Telegraph
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