Coming on strong

- By FX Markets Staff
- @FXMarkets_
- 14 Jan 2008

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The New Year in 2008 started with a surprising appreciation of the yuan versus the US dollar. China's national currency has appreciated by 2.8% against the USD since late October. For 2007 as a whole, the CNY managed appreciation of 6.86% against the greenback, but depreciated by 4.4% against the euro. Interpreting the wording of the authorities responsible for exchange rate policy, it appears exchange rate considerations are to be subordinated to price stability goals. Inflation rates rose to

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