China May Widen Yuan Trading Band in Second Quarter, UBS Says

littlekracker at 18h34
31
Mar
2010
China May Widen Yuan Trading Band in Second Quarter, UBS Says

China May Widen Yuan Trading Band in Second Quarter, UBS Says
March 31, 2010, 12:36 AM EDT

March 31 (Bloomberg) -- China may widen the yuan’s trading band against the dollar in the second quarter, allowing the currency to resume appreciation to help curb inflation, according to UBS AG.

The yuan may be allowed to move as much as 2 percent either side of a daily reference rate set by the c
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