Can Yuan’s Gains Be Limited by Demands for Slower Appreciation?

The Chinese declined today as the Chinese executives call for a slower appreciation, while criticizing the US for the debasing of its currency and creating asset-bubbles on the emerging markets.

Earlier the executives were supporting the end of the yuan’s peg to the dollar and willing to see a faster appreciation of the Chinese currency. Now the CEOs are worried that the US quantitative easing may hurt the economies across the world and are willing to see the slowdown of the yuan’s appreciation.

USD/CNY advanced from 6.6258 to 6.6295 as of 13:47 GMT today.

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